JN_Wealth_Management
Long

Buy British American Tobacco (BATS) - Lighting up

LSE:BATS   BRITISH AMERICAN TOBACCO PLC ORD 25P
Buy British American Tobacco (BATS)

British American Tobacco p.l.c. is a holding company. The Company is a multi-category consumer goods company that provides tobacco and nicotine products. Its Potentially Reduced-Risk Products (PRRP) include vapour, tobacco heating products (THP), modern oral products including tobacco-free nicotine pouches, as well as traditional oral products such as snus and moist snuff.

Market Cap: £73.34Billion

The imminent reduction of interest in the UK has investors scrambling around for yield. Stocks with defensive characteristics and strong yields are attractive attention in recent days and the demand could continue. British American Tobacco broke out of a range back in December 2019 before heading higher towards 3507p. The price has corrected lower by 50% in recent weeks and found support. Buying interest has increased in recent days and a continuation higher is expected in the short to medium term.

Stop: 2960p
Target 1: 3500p
Target 2: 3565p
Target 3: 3870p

Interested in UK Stocks?
Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out