Imperial Brands PLC (IMB) Given Buy Rating at Whitman Howard
Imperial Brands PLC (LON:IMB)‘s stock had its “buy” rating reissued by equities researchers at Whitman Howard in a research note issued on Friday. They currently have a GBX 5,100 ($65.87) target price on the stock. Whitman Howard’s target price would suggest a potential upside of 53.27% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. Jefferies Group LLC cut their price objective on Imperial Brands PLC from GBX 4,200 ($54.24) to GBX 4,100 ($52.95) and set a “buy” rating on the stock in a report on Wednesday, September 6th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Imperial Brands PLC in a research report on Monday, July 31st. Berenberg Bank lowered their target price on Imperial Brands PLC from GBX 4,200 ($54.24) to GBX 4,050 ($52.31) and set a “buy” rating for the company in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) raised their target price on Imperial Brands PLC from GBX 4,070 ($52.56) to GBX 4,100 ($52.95) and gave the stock a “buy” rating in a research report on Thursday, June 29th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 3,770 ($48.69) target price on shares of Imperial Brands PLC in a research report on Monday, July 31st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 4,164.17 ($53.78).
Shares of Imperial Brands PLC (LON IMB) traded up 2.05% during mid-day trading on Friday, reaching GBX 3327.50. The company had a trading volume of 4,317,572 shares. The firm’s 50 day moving average is GBX 3,242.66 and its 200-day moving average is GBX 3,574.60. Imperial Brands PLC has a 12-month low of GBX 3,112.50 and a 12-month high of GBX 4,128.50. The stock’s market capitalization is GBX 31.75 billion.
In other Imperial Brands PLC news, insider Simon Langelier acquired 24,100 shares of the stock in a transaction dated Wednesday, July 19th. The stock was purchased at an average cost of GBX 3,447 ($44.52) per share, with a total value of £830,727 ($1,072,874.85).
About Imperial Brands PLC
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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