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

Tipranks - Fri Feb 20, 2:28AM CST

In a report released today, Pallav Mittal from Barclays maintained a Buy rating on British American Tobacco, with a price target of £49.00.

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According to TipRanks, Mittal is an analyst with an average return of -2.4% and a 44.00% success rate. Mittal covers the Basic Materials sector, focusing on stocks such as UPM Kymmene, Stora Enso Oyj, and Svenska Cellulosa SCA AB.

In addition to Barclays, British American Tobacco also received a Buy from TipRanks – Google’s Google Consumer Defensive GB in a report issued yesterday. However, on the same day, TipRanks – Anthropic downgraded British American Tobacco (LSE: BATS) to a Hold.

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 99 insiders, corporate insider sentiment is neutral on the stock.

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