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BRITISH AMERICAN TOB PLCBRITISH AMERICAN TOB PLCBRITISH AMERICAN TOB PLC

BRITISH AMERICAN TOB PLC

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BTI trade ideas

BAT (BATS.l) bearish scenario:The technical figure Rising Wedge can be found in the UK company British American Tobacco plc (BATS.l) at daily chart. British American Tobacco plc is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. The company, established in 1902, is headquartered in London, England. As of 2019, it is the largest tobacco company in the world based on net sales The Rising Wedge has broken through the support line on 06/07/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 27 days towards 3 194.00 GBp. Your stop loss order according to experts should be placed at 3 645.00 GBp if you decide to enter this position. The board of British American Tobacco p.l.c. has announced that it will be increasing its dividend on the 17th of August to UK £0.54. The announced payment will take the dividend yield to 6.0%, which is in line with the average for the industry. While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. The last payment made up 73% of earnings, but cash flows were much higher. This leaves plenty of cash for reinvestment into the business. The next year is set to see EPS grow by 11.5%. Assuming the dividend continues along recent trends, we think the payout ratio could be 69% by next year, which is in a pretty sustainable range. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
LSE:BATSShort
by legacyFXofficial
British American Tobacco OUTLOOKLet's start from the fact that we all see a diamond shape (reversal pattern) in the bottom after major drop from 2018. Most popular target for BTI is just above $50 where mid-term supply zone is. Confident growth of the last two months hints at the prospects for an upward exit from the three-year side-trend. The main risk is the high debt level. The ratio of debt to assets of the company is 54%, which is significant, but not deadly. As the US enters a cycle of tightening monetary policy and raising the Fed's rate, bond quotes are falling to match key rate forecasts in yields. The stock market as a whole is also declining to provide a risk premium over notional risk-free US Treasuries. But repricing affects individual stocks differently. January showed growth stocks reacting more negatively than stocks with strong cash flows and high dividends. The S&P 500 has lost more than 4% since the start of 2022, with British American Tobacco shares gaining more than 15% in value. Shares are generating a high dividend yield of 6.9% per annum, higher than the industry average of 3%. BTI does not look overbought, with EV/EBITDA of 9.44 versus an industry average of 8.53, and a P/E of 9.35 versus an industry average of 14.59 BTI can play a role of a defensive asset, can be in high demand against the backdrop of another wave of market decline.
NYSE:BTI
by fract
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