This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
British American Tobacco (BATS)
British American Tobacco (BATS)
Will shares return to support at 4305p or break out above 5000p?
- Shares are up 11.7% since BATS was featured in our post-Brexit vote report
- Potentially set to bed back in above a 13-year rising trend line
- The 2016 bullish flag pattern has been completed
- RSI and Stochastics are overbought
Broker Consensus: 46% Buy, 39% Hold, 15% Sell
Bullish: Goldman Sachs, Buy, Target 5340p, +8.6% (4 July)
Average Target: 4727p, -4% (7 July)
Bearish: Canaccord Genuity, Sell, Target 3585p, -27% (3 May)
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Prepared by Michael van Dulken, Head of Research
