J.P. Morgan Sticks to Its Hold Rating for British American Tobacco (BATS)

In a report released today, Philip Spain from J.P. Morgan maintained a Hold rating on British American Tobacco, with a price target of £41.50.

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Spain covers the Consumer Defensive sector, focusing on stocks such as British American Tobacco, Coca-Cola Europacific Partners, and Coca Cola HBC. According to TipRanks, Spain has an average return of 10.3% and an 82.61% success rate on recommended stocks.

British American Tobacco has an analyst consensus of Moderate Buy, with a price target consensus of p4,535.00.

Based on British American Tobacco’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p13.54 billion and a net profit of p3.25 billion. In comparison, last year the company earned a revenue of p13.53 billion and had a GAAP net loss of p1.45 billion

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BATS in relation to earlier this year.