British American Tobacco. (BATS.L) 20-03-20
British American Tobacco. (BATS.L): will it break the 2640p key support level, or bounce to highs of 3507p (+32%)?
- Currently trading around the 2640p support. The current price is 2656.5p (at time of writing).
- Support levels like these are often used by traders to assist with decision making.
- Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
- Will the share price rally again to recent highs of 3507p? (+32%).
- Shares -24% from 12-month highs; +2% from 12 month lows.
Latest News
19 Mar: Credit Suisse reiterates its outperform rating on British American Tobacco (BATS) and increased the target price to 4250p (from 4070p).
10 Mar: Credit Suisse reiterates its outperform rating on British American Tobacco (BATS) and reduced the target price to 4070p (from 4200p).
05 Mar: DZ Bank reiterates its sell rating on British American Tobacco (BATS) and reduced the target price to 2600p (from 2650p).
05 Mar: Bernstein has upgraded its rating on British American Tobacco (BATS) to outperform (from market perform) and increased the target price to 3900p (from 3800p).
03 Mar: Morgan Stanley reiterates its equal weight rating on British American Tobacco (BATS) and reduced the target price to 3460p (from 3500p).
03 Mar: Credit Suisse reiterates its outperform rating on British American Tobacco (BATS) and increased the target price to 4200p (from 4035p).
27 Feb: British American Tobacco posted reduced full year profits, following volume falls and legal and restructuring one-off costs.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires