Citi Reaffirms Their Buy Rating on British American Tobacco (BATS)

In a report released today, Simon Hales from Citi maintained a Buy rating on British American Tobacco, with a price target of £49.00.

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Hales covers the Consumer Defensive sector, focusing on stocks such as British American Tobacco, Altria Group, and Philip Morris. According to TipRanks, Hales has an average return of 5.6% and a 61.54% success rate on recommended stocks.

In addition to Citi, British American Tobacco also received a Buy from Jefferies’s Andrei Andon Ionita in a report issued on February 12. However, on the same day, 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 97 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.