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Home / Stocks and Markets at Lows / British American Tobacco. (BATS.L) 17-10-19

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) 17-10-19

British American Tobacco. (BATS.L) has fallen significantly from the highs of 3073p. Will the trend carry, or is this the chance to catch a bargain?

 

  • Currently at 2679p (at time of writing). A rally to the recent highs would be an increase of 14%.
  • British American Tobacco (BATS.L) is one of the biggest fallers in the period.
  • Should this trend be respected, or are we about to see a big bounce?
  • The market will over-react to bad news. Is it is down for good reason, or is this an over-reaction?
  • Investors seeking a bargain should be mindful of underlying performance. Check our website and the company’s website for information on the stock.
  • Shares -26% from 12-month highs; +12% from 12 month lows.

Latest News 

20 Sep:  UBS reiterates its buy rating on British American Tobacco (BATS) and reduced the target price to 3950p (from 4000p).

12 Sep:  British American Tobacco set out plans to lay off around 2,300 employees, reducing more than a fifth of senior roles in the firm amid efforts to simplify the business operations and encourage growth.

04 Sep:  British American Tobacco said it had priced its $3.5bn bond offering to refinance upcoming obligations, redeem some bonds prior to maturity and finance general corporate operations.

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

 

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