Imperial Brands PLC (IMT) PT Lowered to GBX 4,100
Imperial Brands PLC (LON:IMT) had its price target reduced by investment analysts at Jefferies Group LLC from GBX 4,200 ($54.24) to GBX 4,100 ($52.95) in a report issued on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 11.47% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,200 ($54.24) price target on shares of Imperial Brands PLC in a research note on Monday, May 15th. Whitman Howard reaffirmed a “buy” rating and issued a GBX 5,100 ($65.87) price target on shares of Imperial Brands PLC in a research note on Monday, July 31st. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 4,100 ($52.95) price target on shares of Imperial Brands PLC in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) boosted their price target on Imperial Brands PLC from GBX 4,070 ($52.56) to GBX 4,100 ($52.95) and gave the company a “conviction-buy” rating in a research note on Thursday, June 29th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 3,770 ($48.69) target price on shares of Imperial Brands PLC in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of GBX 4,180 ($53.98).
Shares of Imperial Brands PLC (LON IMT) traded up 1.31% during midday trading on Wednesday, hitting GBX 3678.00. 2,787,997 shares of the company were exchanged. The company has a 50-day moving average of GBX 3,654.35 and a 200 day moving average of GBX 3,758.37. Imperial Brands PLC has a one year low of GBX 3,324.00 and a one year high of GBX 4,154.00.
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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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