J.P. Morgan Sticks to Their Hold Rating for British American Tobacco (BATS)
In a report released today, Philip Spain from J.P. Morgan maintained a Hold rating on British American Tobacco, with a price target of £41.50.
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According to TipRanks, Spain is a 3-star analyst with an average return of 3.6% and a 69.57% success rate. Spain covers the Consumer Defensive sector, focusing on stocks such as British American Tobacco, Coca Cola HBC, and Fevertree Drinks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for British American Tobacco with a p4,525.00 average price target.
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 99 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: Constructive Entry Point with Steady Growth Outlook and Upside-Backed Buy Rating
- British American Tobacco Continues Share Buyback, Cancels 135,000 Shares
- BAT Cancels 125,603 Shares in Ongoing Buyback Programme
- British American Tobacco Cancels 137,150 Shares in Ongoing Buyback
- British American Tobacco Cancels Newly Repurchased Shares Under Ongoing Buyback
