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

Tipranks - Tue Feb 24, 3:48AM 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 Mondi plc.

In addition to Barclays, British American Tobacco also received a Buy from Citi’s Simon Hales in a report issued on February 19. However, today, Goldman Sachs maintained 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.

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