Is It Too Late to Buy British American Tobacco Stock?
Shares of British American Tobacco (NYSE: BTI), or BAT for short, rose after the tobacco company reported its first-half results, as its buyback program helped overshadow a decline in revenue. The stock has now rallied over 18% so far this year.
Income-oriented investors are the ones that are generally drawn to the stock, and even after the stock's strong year-to-date performance, it still carries an over 8.5% forward dividend yield.
Let's take a closer at BAT's most recent earnings results, its buyback program, and the safety of its dividend.
Source Fool.com
British American Tobacco PLC Stock
€35.20
0.140%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the British American Tobacco PLC stock is not clear.
As a result the target price of 42 € shows a slightly positive potential of 19.32% compared to the current price of 35.2 € for British American Tobacco PLC.
