Director dealings: BATS non-exec picks up some shares

British American Tobacco non-executive director Sue Farr picked up some shares in the tobacco giant on Wednesday.

According to the company, on 22 February Farr had purchased 392 shares at £31.70 apiece for a total transaction amount of £12,426.40.

British American Tobacco non-executive director Sue Farr picked up some shares in the tobacco giant on Wednesday.

According to the company, on 22 February Farr had purchased 392 shares at £31.70 apiece for a total transaction amount of £12,426.40.

On 9 February, the company had announced a 7.7% jump in adjusted revenues to reach £27.66bn on a constant exchange rate basis or of 2.3% at constant rates.

Profits from operations meanwhile rose 4.3% at constant rates or by 11.3% in current terms to reach an adjusted £12.41bn.

That was followed four days later by the purchase of 3,300 shares in BATS by another non-executive director, Karen Guerra.

At the start of February, analysts at Morgan Stanley had upgraded their recommendation for the shares to 'equalweight'.

The bank acknowledged that the stock's valuation was undemanding and skewed risk to the upside in the event that the company launched a buyback programme, particularly in light of moderating leverage levels.

Top Director Buys

Bigblu Broadband (BBB)
Director name: Mills,Christopher
Amount purchased: 68,500 @ 48.51p
Value: £33,228.73

Iqgeo Group (IQG)
Director name: Royde ,Max
Amount purchased: 11,800 @ 212.00p
Value: £25,016.00

Bigblu Broadband (BBB)
Director name: Mills,Christopher
Amount purchased: 41,500 @ 48.51p
Value: £20,131.28

Gcp Infrastructure Investments Ltd (GCP)
Director name: Didham,Andrew
Amount purchased: 19,859 @ 95.67p
Value: £18,999.48

British American Tobacco (BATS)
Director name: Farr,Susan Jane
Amount purchased: 392 @ 3,170.00p
Value: £12,426.40

Oxford Biodynamics (OBD)
Director name: Burrows,Jon
Amount purchased: 40,588 @ 0.20p
Value: £81.18

Oxford Biodynamics (OBD)
Director name: Burrows,Jon
Amount purchased: 7,548 @ 0.20p
Value: £15.17

Oxford Biodynamics (OBD)
Director name: Burrows,Jon
Amount purchased: 1,864 @ 0.19p
Value: £3.62