A Guide To The Risks Of Investing In British American Tobacco p.l.c. (BTI)


As this happened, Goldman downgraded its British American Tobacco p.l.c. [BTI] rating to a Neutral from a a Buy in a research note published on Tuesday. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “an Overweight”. JP Morgan also remained covering BTI and has decreased its forecast on April 09, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on March 26, 2021. It rated BTI as “a Buy” which previously was an “a Hold”.

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Price Performance Review of BTI

On Tuesday, British American Tobacco p.l.c. [NYSE:BTI] saw its stock fall -1.50% to $38.06. On the same session, the stock had its day’s lowest price of $38.005, but rose to a high of $38.46. Over the last five days, the stock has lost -0.63%. British American Tobacco p.l.c. shares have fallen nearly -4.80% since the year began. Nevertheless, the stocks have fallen -15.76% over the past one year. While a 52-week high of $45.28 was reached on 01/06/23, a 52-week low of $35.47 was recorded on 02/09/23. SMA at 50 days reached $38.88, while 200 days put it at $40.08. A total of 3.48 million shares were traded, compared to the trading of 2.78 million shares in the previous session.

Levels Of Support And Resistance For BTI Stock

The 24-hour chart illustrates a support level at 37.89, which if violated will result in even more drops to 37.72. On the upside, there is a resistance level at 38.35. A further resistance level may holdings at 38.63. The Relative Strength Index (RSI) on the 14-day chart is 47.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.29%. Stochastics %K at 84.44% indicates the stock is a selling.

How much short interest is there in British American Tobacco p.l.c.?

A steep rise in short interest was recorded in British American Tobacco p.l.c. stocks on Jan 12, 2023, dropping by -2.94 million shares to a total of 4.9 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 7.84 million shares. There was a decline of -60.0%, which implies that there is a negative sentiment for the stock.

British American Tobacco p.l.c. [BTI] – Who Are The Largest Shareholders?

In filings from GQG Partners LLC, it is revealed that the company now owns 34,667,659 shares, or roughly 1.55% of the outstanding BTI shares. In other words, the investor’s shares have risen by 1,415,868 from its previous 13-F filing of 33251791.0. Additionally, Capital Research & Management Co increased 86.45% of its stake after which the total value it holdings stand at $684,416,055, while Orbis Investment Management Ltd. added 0.04% of its stake to hold $489.0 million in the firm. Over the last quarter, Capital Research & Management Co purchased 3,785,568 shares of British American Tobacco p.l.c., while Capital Research & Management Co bought 1,006,419 shares. At present, Managed Account Advisors LLC is holding 5,153,544 shares valued at $198.36 million. JPMorgan Securities LLC owned 3,572,098 shares of the company at the time of its most recent 13F filing, worth $137.49 million.

According to FactSet, British American Tobacco p.l.c.’s share price will average $57.34 in the next year, based on opinions of analysts polled by the firm. This is up nearly 48.4 percent from its previous closing price of $38.64. Analysts expect British American Tobacco p.l.c. stock to reach the higher price of $57.34, while the lowest price estimate is $57.34. However, 3 analysts have rated BTI stock as a Buy in their predictions for 2023.


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