How is British American Tobacco fairing in the current economic climate?
Trading at a forward P/E of 17.6 times, we feel the share is fairly valued trading at a slight premium to its five-year average. This is also in line with its listed tobacco peers. British American Tobacco (BAT) offers a product that has traditionally demonstrated resilience in times of economic uncertainties, given its strong economic moat and brand loyalty.
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Presented by equity analyst, Bianca Haywood.