According to finanztrends reported on February 2, the market attention is the British American Tobacco (British American Tobacco) stock price performance. According to the German Financial Trends website (finanztrends.de) reported on February 3, British American Tobacco shares have risen over the past six months, as of this week, the shares closed at 38.16 euros, up about 17 percent since the beginning of August.
British American Tobacco shares are up about 17% from early August
For analysts, BAT’s share price expectations are gradually increasing. According to market analysts MarketScreener, there are now six agencies with “buy” ratings on BAT, three with “neutral” ratings, and only one with a “sell” rating. Among the data, UBS recently upgraded its rating on BAT to “buy” from neutral, and Deutsche Bank reiterated its “buy” rating. Analysts generally agree that BAT has performed in line with expectations and expect its share price to continue its soft upward trend.
Rising to nearly two-year highs
From the point of view of the share price target, the average target price of British American Tobacco has been raised to 33.35 yuan (about 39.6 euros), and some institutions even gave the highest target price of 44 yuan (about 52.4 euros). While the overall outlook is not particularly aggressive, analysts generally believe that BAT’s share price is expected to remain stable, and its stable dividend makes it an attractive base investment for investors.
While the market is relatively optimistic about BAT’s prospects, there are still some challenges. The downward trend of the traditional cigarette business and the uncertainty of emerging businesses such as vapes may still have some impact on its results. But judging from the current market performance. British American Tobacco seems to have gradually come out of the downturn in 2023, and its share price has reached a two-year high. However, we still need to see if it can better balance the emerging business of the traditional cigarette business in the future.
The original article can be read: British American Tobacco-Aktie: Im Rahmen der Erwartungen!
