Jefferies Sticks to Its Buy Rating for British American Tobacco (BATS)

Jefferies analyst Andrei Andon Ionita maintained a Buy rating on British American Tobacco today and set a price target of £52.00.

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According to TipRanks, Andon Ionita is an analyst with an average return of -4.1% and a 41.18% success rate.

In addition to Jefferies, British American Tobacco also received a Buy from Barclays’s Pallav Mittal in a report issued on February 5. However, on January 29, J.P. Morgan maintained a Hold rating on British American Tobacco (LSE: BATS).

Based on British American Tobacco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p12.07 billion and a net profit of p4.49 billion. In comparison, last year the company earned a revenue of p12.34 billion and had a net profit of p4.49 billion

Based on the recent corporate insider activity of 98 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.