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Home / Momentum / British American Tobacco. (BATS.L) 19-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

British American Tobacco. (BATS.L) 19-12-19

Will shares in British American Tobacco. (BATS.L) continue to rally, setting new recent highs?

 

  • Now trading at 3257.5p (at time of writing), the share price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +37% from 12 month lows.

Latest News

28 Nov:  DZ Bank reiterates its sell rating on British American Tobacco (BATS) and increased the target price to 2650p (from 2610p).

 

27 Nov:  British American Tobacco announced that it anticipated annual adjusted profit coming in at the higher end of longer-term guidance. This came despite reduced sales figures from the US, due to a clampdown by regulators on vaping products.

21 Nov:  Liberum Capital reiterates its buy rating on British American Tobacco (BATS) and increased the target price to 3170p (from 3000p).

04 Nov:  Jefferies International reiterates its buy rating on British American Tobacco (BATS) and reduced the target price to 4800p (from 4900p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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