Imperial Brands’ (IMB) Neutral Rating Reaffirmed at J P Morgan Chase & Co

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).

Imperial Brands (LON:IMB) last posted its earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.59) EPS for the quarter, topping analysts’ consensus estimates of GBX 264.40 ($3.56) by GBX 2.60 ($0.03). Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%. The company had revenue of GBX 3,024.70 billion for the quarter.

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).

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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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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