British American cigarettes light forecasts with a $100 million market tail
British American Tobacco PLC (NYSE:BTI) in Analysts say the best bear market stocks to buy. Barclays analysts have increased the price target for the British-American Tobacco PLC (NYSE: BTI) from 3,750 GBP to 4,100 GBP, earning an unchanged “overweight” rating. This confidence in the stock is expected to reach $100 billion by 2035, reflecting a 1150% surge from the 2024 forecast of $8 billion.
Looking at past performances exhibited by the company, it always outperforms the market. The FTSE 100 (^FTSE) has a one-year return of 8.41%, while the British American Tobacco PLC (NYSE: BTI) has produced an impressive 73.16% return. Similarly, the company’s five-year returns exceed the general market by 46%.
A set of close-ups of tobacco products, highlighting the choices and consumer choices.
What’s even more exciting is the Trump administration increasingly uttering the use of illegal disposable vaping devices, which have won about 70% of the US market. Investors are increasingly optimistic as the company continues to diversify its revenue mix into next-generation products.
The British-American Tobacco PLC (NYSE: BTI) is one of the world’s largest tobacco companies, founded in 1902. The London-based giant offers tobacco and nicotine products in 180 countries. Promising to build a better tomorrow, the company focuses on reducing its health impact by promoting the transition from tobacco to smoke-free products.
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Disclosure: None.