Imperial Brands PLC (IMB) Receives Consensus Rating of “Buy” from Brokerages
Shares of Imperial Brands PLC (LON:IMB) have received a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 4,027.50 ($53.51).
Several equities analysts have weighed in on the company. Citigroup Inc. restated a “neutral” rating and set a GBX 3,800 ($50.49) price objective on shares of Imperial Brands PLC in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) raised their price objective on Imperial Brands PLC from GBX 4,070 ($54.08) to GBX 4,100 ($54.48) and gave the company a “buy” rating in a research note on Thursday, June 29th. Berenberg Bank dropped their price objective on Imperial Brands PLC from GBX 4,200 ($55.81) to GBX 4,050 ($53.81) and set a “buy” rating on the stock in a research note on Friday, June 30th. Whitman Howard restated a “buy” rating and set a GBX 5,100 ($67.77) price objective on shares of Imperial Brands PLC in a research note on Thursday, July 20th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Imperial Brands PLC in a research note on Monday, July 31st.
Shares of Imperial Brands PLC (IMB) opened at 3140.00 on Friday. The stock has a 50 day moving average of GBX 3,211.86 and a 200-day moving average of GBX 3,460.95. The firm’s market capitalization is GBX 29.96 billion. Imperial Brands PLC has a 12-month low of GBX 3,112.50 and a 12-month high of GBX 4,007.00.
In other Imperial Brands PLC news, insider Simon Langelier bought 31 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average cost of GBX 3,258 ($43.29) per share, with a total value of £1,009.98 ($1,341.99).
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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