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

Barclays analyst Pallav Mittal maintained a Buy rating on British American Tobacco today and set a price target of £49.00.

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Mittal covers the Basic Materials sector, focusing on stocks such as UPM Kymmene, Mondi plc, and Stora Enso Oyj. According to TipRanks, Mittal has an average return of -2.6% and a 41.35% success rate on recommended stocks.

In addition to Barclays, British American Tobacco also received a Buy from UBS’s Faham Baig in a report issued on February 24. However, on the same day, RBC Capital maintained a Sell 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 100 insiders, corporate insider sentiment is neutral on the stock.