As this happened, A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Morgan Stanley also remained covering BTI and has decreased its forecast on October 03, 2024 with a “an Underweight” recommendation from previously “an Overweight” rating.
Price Performance Review of BTI
On Tuesday, British American Tobacco Plc ADR [NYSE:BTI] saw its stock jump 1.97% to $44.44. Over the last five days, the stock has gained 9.22%. British American Tobacco Plc ADR shares have risen nearly 22.36% since the year began. Nevertheless, the stocks have risen 40.86% over the past one year. While a 52-week high of $44.78 was reached on 05/06/25, a 52-week low of $30.01 was recorded on 01/13/25. SMA at 50 days reached $41.79, while 200 days put it at $38.34.
Levels Of Support And Resistance For BTI Stock
The 24-hour chart illustrates a support level at 44.04, which if violated will result in even more drops to 43.64. On the upside, there is a resistance level at 44.65. A further resistance level may holdings at 44.86. The Relative Strength Index (RSI) on the 14-day chart is 62.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.20%. Stochastics %K at 73.76% indicates the stock is a holding.
The most recent change occurred on November 01, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $38 price target.
