Does British American Tobacco p.l.c. (BTI) Have Any Gas After Making 1 Year Low?

March 21, 2018 - By Richard Conner

The stock of British American Tobacco p.l.c. (NYSE:BTI) hit a new 52-week low and has $50.77 target or 7.00 % below today’s $54.60 share price. The 6 months bearish chart indicates high risk for the $125.73 billion company. The 1-year low was reported on Mar, 21 by If the $50.77 price target is reached, the company will be worth $8.80 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.12% or $1.184 during the last trading session, reaching $54.596. About 1.31M shares traded. British American Tobacco p.l.c. (NYSE:BTI) has risen 17.78% since March 21, 2017 and is uptrending. It has outperformed by 1.08% the S&P500.

British American Tobacco p.l.c. engages in the production and sale of tobacco products. The company has market cap of $125.73 billion. It provides cigarettes and cigars; snus, a low-toxicant smokeless tobacco product; and e-cigarettes and other products, such as vapor and tobacco heating products, as well as nicotine inhalers. It has a 2.14 P/E ratio. The firm offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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