Deutsche Bank Reaffirms 'Buy' Rating for British American Tobacco with £5,100 Target

Deutsche Bank Aktiengesellschaft has reaffirmed its 'buy' rating for British American Tobacco (LON:BATS) in a research report issued to clients and investors on Thursday, Digital Look reports.

The analysts at Deutsche Bank have set a target price of GBX 5,100 on the stock, which represents a potential upside of 28.79% from its current price of GBX 3,960.

This is not the only positive view from brokerages; Jefferies Financial Group raised their target price on shares of British American Tobacco from GBX 5,200 to GBX 5,500 and gave the stock a 'buy' rating in a research note on Tuesday, June 23rd. Additionally, Royal Bank Of Canada boosted their price objective on British American Tobacco from GBX 3,600 to GBX 3,800 and gave the company an 'underperform' rating in a research note on Tuesday, August 11th.

Four equities research analysts have rated the stock with a 'buy' rating, one has assigned a 'hold' rating, and one has issued a 'sell' rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of 'moderate buy' and an average target price of GBX 4,875.