Jefferies lifts BAT stock target from GBp 5,500.00 to GBp 5,600.00
Published on 10/07/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
BAT (GB0002875804) was trading at EUR 47.49 at Lang & Schwarz on October 7, 2026 at 9:31 a.m. CEST, up EUR 0.09 or 0.19 percent versus the prior close of EUR 47.40. The latest analyst action came from Jefferies, which raised its target from GBp 5,500.00 to GBp 5,600.00 while maintaining a Buy rating, as MarketBeat reported on October 1, 2026.
Jefferies lifts the target
The move puts Jefferies' target GBp 5,600.00 1,180.00 pence above the London-listed share price cited in the report, while the previous target was GBp 5,500.00. The rating matters because the target increase arrived shortly after BAT's strategy update, rather than after a new half-year earnings release.
New Categories set the growth test
At its September 29, 2026 Capital Markets Day, BAT said New Category revenue is expected to grow by mid-teens through 2030 and that contribution margin is expected to reach at least 30.00 percent. The company also kept its full-year 2026 framework of 3.00-5.00 percent revenue growth, 4.00-6.00 percent adjusted profit from operations growth and 5.00-8.00 percent adjusted diluted earnings per share growth, all at constant rates.
That mix gives the stock two distinct valuation anchors. Jefferies is focused on the long-term margin and growth opportunity, while the 2026 framework points to a lower-end revenue outcome and a middle-of-range adjusted earnings-per-share outcome. For investors, execution in New Categories is therefore more important than the headline target alone.
Dividend adds a near-term cash return
BAT also set a November dividend of 61.26 pence per share, payable on November 6, 2026, to shareholders registered on October 2, 2026, according to StockTitan. The payment provides a separate cash-return reference as the market weighs BAT's transition toward nicotine products beyond traditional cigarettes.
BAT stock stays nearly flat in trading
BAT stock was trading at EUR 47.49 at Lang & Schwarz on October 7, 2026 at 9:31 a.m. CEST, plus 0.19 percent versus the Lang & Schwarz prior close of EUR 47.40. The modest move leaves the analyst target increase, the 2030 margin ambition and the November dividend as the clearest dated reference points for the shares.
The further course of trading is shown by the continuously updated real-time quote of BAT stock.
BAT stock facts
- Company: British American Tobacco p.l.c.
- ISIN: GB0002875804
- Ticker: BATS.L
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz as of October 7, 2026 at 9:31 a.m. CEST: EUR 47.49
- Change versus prior close: plus 0.19 percent
- Prior close Lang & Schwarz October 6, 2026: EUR 47.40
- Sector / Industry: Consumer Staples / Tobacco
