Whitman Howard Reaffirms “Buy” Rating for Imperial Brands PLC (IMB)
Imperial Brands PLC (LON:IMB)‘s stock had its “buy” rating reaffirmed by stock analysts at Whitman Howard in a research note issued to investors on Thursday. They presently have a GBX 5,100 ($68.76) price objective on the stock. Whitman Howard’s price target would suggest a potential upside of 58.02% from the company’s current price.
A number of other analysts also recently commented on the company. Credit Suisse Group restated an “outperform” rating and issued a GBX 4,150 ($55.95) target price on shares of Imperial Brands PLC in a research note on Monday, September 11th. Jefferies Group LLC lowered their target price on Imperial Brands PLC from GBX 4,200 ($56.63) to GBX 4,100 ($55.28) and set a “buy” rating on the stock in a research note on Wednesday, September 6th. Royal Bank Of Canada upgraded Imperial Brands PLC to an “outperform” rating and upped their target price for the stock from GBX 3,500 ($47.19) to GBX 3,600 ($48.54) in a research note on Monday, August 21st. Goldman Sachs Group, Inc. (The) lowered their target price on Imperial Brands PLC from GBX 4,370 ($58.92) to GBX 4,000 ($53.93) and set a “conviction-buy” rating on the stock in a research note on Thursday, August 3rd. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 3,770 ($50.83) target price on shares of Imperial Brands PLC in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 4,164.17 ($56.14).
Imperial Brands PLC (LON:IMB) traded up 0.40% on Thursday, reaching GBX 3227.50. The company’s stock had a trading volume of 1,404,029 shares. The company’s market capitalization is GBX 30.80 billion. The firm’s 50 day moving average price is GBX 3,236.59 and its 200-day moving average price is GBX 3,563.37. Imperial Brands PLC has a 1-year low of GBX 3,112.50 and a 1-year high of GBX 4,128.50.
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In other Imperial Brands PLC news, insider Simon Langelier purchased 31 shares of Imperial Brands PLC stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of GBX 3,258 ($43.93) per share, with a total value of £1,009.98 ($1,361.71).
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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