British American Tobacco plc (Symbol: BTI) shares have surpassed the average analyst 12-month target price of $57.88, currently trading at $58.08 per share. This notable increase may prompt analysts to either downgrade their target based on valuation or raise it further, as driven by the company’s performance.
Analyst coverage for BTI includes four different price targets, with the most conservative being $40.50 and the highest at $69.00, reflecting a standard deviation of $12.209. Currently, there are eight strong buy ratings, three hold ratings, and two strong sell ratings among analysts.
The average analyst rating stands at 2.02, on a scale where 1 is Strong Buy and 5 is Strong Sell. Given the recent surge in share price, investors may need to reassess their positions in British American Tobacco.
