Shares of British American Tobacco Industries p.l.c. ADR (NYSE:BTI) traded at a new 52-week high today of $41.92. This new high was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 5.7 million shares.
Following the acquisition of Reynolds American, British American Tobacco is neck-and-neck with Philip Morris International to be the largest listed global tobacco company–slightly larger than PMI on net revenue, but slightly smaller on volumes. British American’s Global Drive Brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans, and it also owns Newport and Camel in the U.S. The firm also sells vapor e-cigarettes, including its Vype brand, heated tobacco, with Glo, as well as roll-your-own and smokeless tobacco products. The company holds 31% of ITC Limited, the leading Indian cigarette-maker.
British American Tobacco Industries p.l.c. ADR (NYSE:BTI) is currently priced 7.1% above its average consensus analyst price target of $38.86.
British American Tobacco Industries p.l.c. ADR share prices have moved between a 52-week high of $41.92 and a 52-week low of $33.62 and are now trading 24% above that low price at $41.84 per share.
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