British American Tobacco PLC (ADR) (BTI) was Downgraded by Berenberg to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Berenberg advised their investors in a research report released on Jul 7, 2016.
British American Tobacco PLC (ADR) opened for trading at $130.47 and hit $131.34 on the upside on Tuesday, eventually ending the session at $130.99, with a gain of 1.18% or 1.53 points. The heightened volatility saw the trading volume jump to 3,76,266 shares. Company has a market cap of $122,098 M.
British American Tobacco PLC is a global tobacco company with brands sold in more than 200 markets. The Company’s four principal brands include Dunhill Kent Lucky Strike and Pall Mall. The Company has many other international and local brands including State Express 555 Vogue Viceroy Kool Peter Stuyvesant Shuang Xi Craven A Benson & Hedges and John Player Gold Leaf. The Company’s products include cigarettes Fine Cut (roll-your-own and makeyour-own tobacco) and cigars. As of December 31 2014 the Company has 44 cigarette factories in 41 countries. The Company is also investing in building a portfolio of new tobacco and nicotine-based products alongside its traditional tobacco business. The Company’s products include e-cigarettes medicinal nicotine products and tobacco heating products.