BAT stock: Jefferies raises target for British American Tobacco stock to GBp 5,600

Published on 10/23/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BAT's half-year results covered six months to June 30, 2026. BAT stock costs EUR 52.88 on October 23, 2026 versus LSE close GBp 4,477.00.

Analyst target and results

Jefferies raised its British American Tobacco target from GBp 5,500.00 to GBp 5,600.00 on October 1, 2026.
British American Tobacco published half-year results for the six months ended June 30, 2026, on July 30, 2026.
BAT stock costs EUR 52.88 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST.
BTI had a USD 127.8 billion market capitalization and a 15.22 P/E ratio on October 23, 2026.

Trading-Floor mit großen Bildschirmen, Kursdiagrammen und dem Kürzel LSE im Hintergrund — British American Tobacco plc (GB0002875804) illustriert den Börsenhandel am Trading-Floor mit Kursdiagrammen, Illustration mit AI erstellt.

British American Tobacco stock (ISIN GB0002875804) has a fresh analyst marker after Jefferies raised its target from GBp 5,500.00 to GBp 5,600.00 on October 1, 2026, as MarketBeat reported. BAT was trading at EUR 52.88 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST.

Jefferies lifts the target

The new Jefferies target is 25.08 percent above the LSE closing price of GBp 4,477.00 on October 22, 2026. The same MarketBeat report said Jefferies kept a Buy rating, while Deutsche Bank maintained a Buy rating with a GBp 5,100.00 target on October 1, 2026.

Half-year figures set the base

British American Tobacco's investor page identifies July 30, 2026 as the publication date for its 2026 half-year results covering the six months ended June 30, 2026. The company also held its 2026 Capital Markets Day from September 29 to September 30, 2026, according to its investor-relations page.

For investors, the dated target range gives the stock a clear valuation reference in London pence, while the German quote remains the immediate euro measure for the trading report.

NYSE valuation and trading range

On the NYSE, BTI was at USD 59.09 on October 23, 2026 at 10:26 a.m. ET. Its 52-week range was USD 50.84 to USD 67.30, market capitalization was USD 127.8 billion, and the P/E ratio was 15.22 on the same date.

What does the target mean?

The Jefferies target of GBp 5,600.00 sits above the October 22 LSE close of GBp 4,477.00, but the comparison uses the London listing rather than the euro quotation. The company operates across combustible tobacco, vapour, heated products and modern oral nicotine products.

Trading perspective

The euro quotation places BAT below the EUR 55.00 mark, while the London target comparison points to a higher level in the company's home-market currency. The next major dated reference remains the reported half-year period through June 30, 2026.

BAT was trading at EUR 52.88 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of BAT stock.