Imperial Brands PLC (IMB) Given Consensus Recommendation of “Buy” by Analysts
Shares of Imperial Brands PLC (LON:IMB) have been assigned an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 4,215.45 ($54.90).
A number of research analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) reduced their price objective on Imperial Brands PLC from GBX 4,370 ($56.91) to GBX 4,000 ($52.09) and set a “conviction-buy” rating for the company in a research report on Thursday, August 3rd. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 3,770 ($49.09) target price on shares of Imperial Brands PLC in a research note on Monday, July 31st. Whitman Howard reiterated a “buy” rating and set a GBX 5,100 ($66.41) target price on shares of Imperial Brands PLC in a research note on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating on shares of Imperial Brands PLC in a research note on Monday, July 31st. Finally, Berenberg Bank cut their target price on Imperial Brands PLC from GBX 4,200 ($54.69) to GBX 4,050 ($52.74) and set a “buy” rating on the stock in a research note on Friday, June 30th.
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Imperial Brands PLC (LON:IMB) opened at 3257.00 on Tuesday. The firm has a 50-day moving average price of GBX 3,440.02 and a 200 day moving average price of GBX 3,668.83. The stock’s market cap is GBX 31.08 billion. Imperial Brands PLC has a 52-week low of GBX 3,112.50 and a 52-week high of GBX 4,154.00.
In other news, insider Simon Langelier purchased 24,100 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were purchased at an average cost of GBX 3,447 ($44.89) per share, for a total transaction of £830,727 ($1,081,816.64).
Imperial Brands PLC Company Profile
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.
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