British American Tobacco (BATS) Gets a Hold from J.P. Morgan
J.P. Morgan analyst Philip Spain maintained a Hold rating on British American Tobacco today and set 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 HBC, and Fevertree Drinks. According to TipRanks, Spain has an average return of 8.7% and an 86.96% success rate on recommended stocks.
Currently, the analyst consensus on British American Tobacco is a Moderate Buy with an average price target of p4,545.00.
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.
Read More on GB:BATS:
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