Citi Remains a Buy on British American Tobacco (BATS)

Citi analyst Simon Hales maintained a Buy rating on British American Tobacco today and set a price target of £52.00.

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Hales covers the Consumer Defensive sector, focusing on stocks such as British American Tobacco, Diageo, and Altria Group. According to TipRanks, Hales has an average return of 3.7% and a 55.06% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for British American Tobacco with a p4,818.18 average price target.

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 69 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.