Imperial Brands (LON:IMB)‘s stock had its “neutral” rating reaffirmed by research analysts at J P Morgan Chase & Co in a research note issued to investors on Tuesday.
A number of other equities research analysts also recently issued reports on IMB. Citigroup set a GBX 3,400 ($45.76) price objective on Imperial Brands and gave the company a “neutral” rating in a research report on Friday, September 29th. Deutsche Bank restated a “buy” rating and set a GBX 4,100 ($55.18) price objective on shares of Imperial Brands in a research report on Friday, September 29th. Barclays restated an “overweight” rating and set a GBX 4,300 ($57.87) price objective on shares of Imperial Brands in a research report on Monday, September 25th. Goldman Sachs Group restated a “conviction-buy” rating and set a GBX 4,000 ($53.84) price objective on shares of Imperial Brands in a research report on Thursday, September 21st. Finally, Whitman Howard restated a “buy” rating and set a GBX 5,100 ($68.64) price objective on shares of Imperial Brands in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 3,910.31 ($52.63).
Imperial Brands (LON:IMB) traded down GBX 8.35 ($0.11) during trading hours on Tuesday, hitting GBX 3,070.65 ($41.33). The company had a trading volume of 1,390,000 shares, compared to its average volume of 2,560,000. Imperial Brands has a 12 month low of GBX 3,013 ($40.55) and a 12 month high of GBX 3,956.50 ($53.25).
In other Imperial Brands news, insider Simon Langelier purchased 31 shares of Imperial Brands stock in a transaction dated Monday, September 18th. The shares were purchased at an average cost of GBX 3,258 ($43.85) per share, for a total transaction of £1,009.98 ($1,359.33).
TRADEMARK VIOLATION WARNING: This article was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/12/10/imperial-brands-imb-neutral-rating-reaffirmed-at-j-p-morgan-chase-co.html.
About Imperial Brands
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.
Receive News & Ratings for Imperial Brands PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands PLC and related companies with MarketBeat.com's FREE daily email newsletter.