Barclays Reaffirms Their Buy Rating on British American Tobacco (BATS)
Barclays analyst Pallav Mittal reiterated a Buy rating on British American Tobacco today and set a price target of £54.00.
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According to TipRanks, Mittal is a 3-star analyst with an average return of 1.5% and a 49.12% success rate.
In addition to Barclays, British American Tobacco also received a Buy from Kepler Capital ‘s Emanuele Sartori in a report issued on May 18. However, on May 15, Goldman Sachs assigned a Hold rating to British American Tobacco (LSE: BATS).
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 70 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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- British American Tobacco price target raised to 5,200 GBp at Citi
- Analyst Reiterates Buy as U.S. Growth, Margin Upside and Lower Regulatory Risk Drive DCF-Based Price Target Increase to 5,300p
