JP Morgan Cazenove Reiterates Neutral Recommendation for British American Tobacco with 2.91% Upside

JP Morgan Cazenove reiterates coverage of British American Tobacco p.l.c. - Depositary Receipt (NYSE:BTI) with a Neutral recommendation. The average one-year price target is $59.49/share, representing a 2.91% increase from its latest reported closing price of $57.81/share. The projected annual revenue is 31,773MM, up 24.13%. The projected annual non-GAAP EPS is 4.87. The put/call ratio is 0.61, indicating a bullish outlook.