British American Tobacco (BATS)

Sector:

Tobacco

Index:

FTSE 100

3,288.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 3,628.00
  • 52 Week Low: 2,512.50
  • Currency: UK Pounds
  • Shares Issued: 2,252.45m
  • Volume: 144,864
  • Market Cap: £74,060m
  • RiskGrade: 122

Sector movers: Defence stocks pace gains, BAE Systems keeps gaining altitude

By Alexander Bueso

Date: Tuesday 28 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Aerospace and Defence paced gains in the stockmarket on Tuesday as the NATO summit in Madrid got under way with shares of Babcock, Rolls-Royce and BAE Systems all catching a bid.


Worth noting, shares of the latter were trading at all-time highs.

BAE shares were also catching a bid on the back of positive comments out of analysts at Deutsche Bank.

"In our view, an extra buy-back programme remains a possibility, especially as H2 business momentum and order intake should remain solid. Buy, PT: 860p," Deutsche analyst, Christophe Menard, said in a research note sent to clients.

Life insurers were also on the up, benefitting from rising stocks and longer-term Gilts.

There were also gains to be seen in the oil patch as Brent crude oil futures moved back towards the $120 a barrel area on the ICE.

The day before, the UAE's energy minister had said his country was already producing oil near maximum capacity.

Investors were also analysing talk at the latest G7 regarding the imposition of oil price caps for Russian exports.

Worth noting, price caps often had the result of restricting supply and doing the opposite for prices, although details around the proposals were light at the current stage.

Tobacco stocks were also wanted with analysts at Barclays pointing out that a ban on rival JUUL's e-cigarettes could double British American Tobacco's profits from its Vuse product.

In financial terms, BAT's e-cig losses in the US of nearly $350m in FY 2021 could turn into a profit of approximately $160m.

"With increasing prices, reduced trade margins and scale benefits in US e-cigs, we estimate BATS could grow US e-cigs EBIT to c$600mn+ in FY25.

"And with last week's developments in the US e-cig industry, BATS US e-cigs EBIT could be even higher."

Top performing sectors so far today

Aerospace and Defence 4,917.30 +3.26%

Life Insurance 6,759.59 +2.76%

Oil, Gas and Coal 7,375.03 +2.50%

Telecommunications Service Providers 3,247.11 +1.78%

Tobacco 37,906.60 +1.62%

Bottom performing sectors so far today

Electronic & Electrical Equipment 8,319.22 -1.02%

Software & Computer Services 1,637.16 -0.83%

Media 8,636.06 -0.45%

Travel & Leisure 5,937.93 -0.36%

Personal Goods 27,690.87 -0.33%



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BATS Market Data

Currency UK Pounds
Share Price 3,288.00p
Change Today 18.00p
% Change 0.55 %
52 Week High 3,628.00
52 Week Low 2,512.50
Volume 144,864
Shares Issued 2,252.45m
Market Cap £74,060m
RiskGrade 122

BATS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
79.75% above the market average79.75% above the market average79.75% above the market average79.75% above the market average79.75% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
89.40% above the market average89.40% above the market average89.40% above the market average89.40% above the market average89.40% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
62.01% below the market average62.01% below the market average62.01% below the market average62.01% below the market average62.01% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 13
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 17
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BATS Dividends

  Latest Previous
  Q2 Q1
Ex-Div 07-Jul-22 24-Mar-22
Paid 17-Aug-22 04-May-22
Amount 54.45p 54.45p

Trades for 09-Aug-2022

Time Volume / Share Price
11:16 1,813 @ 3,288.08p
11:16 0 @ 3,290.00p
11:16 136 @ 3,288.00p
11:15 152 @ 3,286.70p
11:15 104 @ 3,287.50p

BATS Key Personnel

CEO Jack Bowles
Finance Director Tadeu Marroco
Chair Luc Jobin

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