British American Tobacco Hits New 1-Year Low at $29.55

On October 27, according to financial website Watchlistnews, British American Tobacco stock hit a 52-week low in Thursday’s trading. The stock dropped to a low of $29.55 and closed at $29.65, with a trading volume of 3,060,724 shares, down from the previous closing price of $29.86.From MeKesse disposable vape brands research.

Recently, several equity research analysts have issued reports on British American Tobacco. StockNews.com initiated coverage on British American Tobacco with a “buy” rating in a report dated October 5.

However, Argus Research downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report dated September 1 this year. Finally, Citigroup issued its first research report on British American Tobacco on September 25, giving the company a “buy” rating. Currently, three analysts have given a “hold” rating, while two analysts have given a “buy” rating. According to MarketBeat.com, the current consensus rating for the company is “hold.”

Recently, institutional investors have made changes to their holdings in the company. Avantax Advisory Services increased its stake in British American Tobacco by 1.6% in the first quarter, now holding 18,028 shares of the company’s stock valued at $633,000. Meridian Investment Counsel increased its stake in British American Tobacco by 0.8% in the first quarter, now holding 38,412 shares of the company’s stock valued at $1,349,000. Institutional investors and hedge funds own 7.56% of the company.

British American Tobacco provides electronic cigarettes, tobacco heating products, oral nicotine modern products, cigarettes, and traditional oral products such as gum and moist snuff globally. The company’s product brands include Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555, and Double Happiness.

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