British American Tobacco (LON:BATS) Stock Price Down 7.6% – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS)’s share price traded down 7.6% during trading on Thursday . The company traded as low as GBX 3,104 ($38.64) and last traded at GBX 3,137.04 ($39.05). 38,920,461 shares changed hands during trading, an increase of 27% from the average session volume of 30,690,359 shares. The stock had previously closed at GBX 3,394 ($42.25).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,800 ($34.85) target price on shares of British American Tobacco in a report on Thursday, December 12th.

British American Tobacco Stock Down 9.7 %

The company has a debt-to-equity ratio of 74.14, a current ratio of 0.88 and a quick ratio of 0.47. The company has a market capitalization of £67.74 billion, a price-to-earnings ratio of -492.77, a PEG ratio of 3.12 and a beta of 0.27. The firm has a 50-day moving average price of GBX 3,011.65 and a two-hundred day moving average price of GBX 2,860.41.

British American Tobacco Increases Dividend

The company also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were given a dividend of GBX 58.88 ($0.73) per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 2.54%. This is an increase from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s dividend payout ratio is -3,794.21%.

British American Tobacco Company Profile

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio.