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

Jefferies analyst Andrei Andon Ionita reiterated a Buy rating on British American Tobacco yesterday and set a price target of p5,500.00.

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Andon Ionita covers the Consumer Defensive sector, focusing on stocks such as Imperial Brands, British American Tobacco, and Japan Tobacco. According to TipRanks, Andon Ionita has an average return of -1.5% and a 52.17% success rate on recommended stocks.

Currently, the analyst consensus on British American Tobacco is a Moderate Buy with an average price target of p5,059.09.

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 73 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.