Goldman Sachs Issues a Hold Rating on British American Tobacco (BATS)

Goldman Sachs analyst Richard Felton assigned a Hold rating to British American Tobacco yesterday and set a price target of p5,200.00.

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According to TipRanks, Felton is a 3-star analyst with an average return of 3.1% and a 52.34% success rate.

Currently, the analyst consensus on British American Tobacco is a Moderate Buy with an average price target of p4,877.27.

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 69 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.