British American Tobacco PLC (BTI) Rating Lowered to Sell at Goldman Sachs

Source from:  WKRB 12/15/2015

British American Tobacco PLC (NYSE:BTI) was downgraded by equities researchers at Goldman Sachs from a "neutral" rating to a "sell" rating in a report released on Thursday, The Fly reports.

British American Tobacco PLC (NYSE:BTI) opened at 109.33 on Thursday. British American Tobacco PLC has a 52-week low of $102.14 and a 52-week high of $119.91. The firm has a market capitalization of $101.57 billion and a PE ratio of 16.74. The stock's 50 day moving average price is $116.14 and its 200 day moving average price is $112.43.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut British American Tobacco PLC from a "hold" rating to a "sell" rating in a research note on Monday, December 7th. Cowen and Company assumed coverage on British American Tobacco PLC in a research note on Tuesday, August 25th. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. The company presently has an average rating of "Hold".

British American Tobacco PLC is a global tobacco company with brands sold in more than 200 markets. The Company's four principal brands include Dunhill, Kent Lucky Strike and Pall Mall. The Company has many other international and local brands, including State Express 555, Vogue, Viceroy, Kool, Peter Stuyvesant, Shuang Xi, Craven A, Benson & Hedges and John Player Gold Leaf. The Company's products include cigarettes, Fine Cut (NYSE:BTI) and cigars. As of December 31, 2014, the Company has 44 cigarette factories in 41 countries. The Company is also investing in building a portfolio of new tobacco and nicotine-based products alongside its traditional tobacco business. The Company's products include e-cigarettes, medicinal nicotine products and tobacco heating products. Enditem