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

In a report released yesterday, Simon Hales from Citi reiterated a Buy rating on British American Tobacco. The company’s shares closed yesterday at p4,473.00.

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Hales covers the Consumer Defensive sector, focusing on stocks such as British American Tobacco, Coca-Cola Europacific Partners, and Pernod Ricard. 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 Barclays’s Pallav Mittal in a report issued yesterday. However, on February 18, TipRanks – xAI reiterated a Hold rating on 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 99 insiders, corporate insider sentiment is neutral on the stock.