Jefferies has initiated its analysis of British American Tobacco (BTI, Financial), giving it a Buy rating and setting a price target at 4,800 GBp. This optimistic outlook aligns with the firm's broader positive perspective on the global tobacco industry. Within the consumer staples sector, Jefferies shows a preference for industries such as tobacco, beer, and consumer health.
The firm anticipates that the global nicotine market will experience modest growth in the low single digits, driven by both traditional combustible products and emerging next-generation offerings. Among the tobacco companies, British American Tobacco stands out as Jefferies' preferred choice for investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for British American Tobacco PLC (BTI, Financial) is $44.12 with a high estimate of $52.00 and a low estimate of $35.50. The average target implies an downside of 7.95% from the current price of $47.93. More detailed estimate data can be found on the British American Tobacco PLC (BTI) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, British American Tobacco PLC's (BTI, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for British American Tobacco PLC (BTI, Financial) in one year is $36.94, suggesting a downside of 22.93% from the current price of $47.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the British American Tobacco PLC (BTI) Summary page.
