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British American Tobacco p.l.c. (NYSE:BTI) Given Consensus Recommendation of "Moderate Buy" by Brokerages
Nine brokerage firms have issued an average recommendation of “Moderate Buy” for British American Tobacco p.l.c. (NYSE:BTI), with an average one-year target price of $51.00. The company recently declared a quarterly dividend of $0.8349, yielding 5.7%, and its shares opened at $58.35, trading above the consensus target. Hedge funds have also increased their positions in BTI, with 16.16% of the stock owned by institutional investors.