Imperial Brands (IMB) Given a GBX 3,400 Price Target by Morgan Stanley Analysts
Imperial Brands (LON:IMB) has been assigned a GBX 3,400 ($45.76) price objective by Morgan Stanley in a report released on Monday. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 10.66% from the company’s previous close.
Several other research firms have also recently weighed in on IMB. Whitman Howard restated a “buy” rating and set a GBX 5,100 ($68.64) target price on shares of Imperial Brands in a research note on Friday, September 15th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 4,150 ($55.85) price objective on shares of Imperial Brands in a research note on Monday, September 11th. Barclays set a GBX 4,300 ($57.87) price objective on Imperial Brands and gave the company a “buy” rating in a research note on Wednesday, September 6th. Jefferies Group reduced their price objective on Imperial Brands from GBX 4,200 ($56.53) to GBX 4,100 ($55.18) and set a “buy” rating for the company in a research note on Wednesday, September 6th. Finally, Deutsche Bank set a GBX 4,100 ($55.18) price objective on Imperial Brands and gave the company a “buy” rating in a research note on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 3,888.44 ($52.33).
Shares of Imperial Brands (LON IMB) traded down GBX 11 ($0.15) on Monday, hitting GBX 3,072.50 ($41.35). The stock had a trading volume of 1,770,566 shares, compared to its average volume of 2,560,000. Imperial Brands has a fifty-two week low of GBX 3,013 ($40.55) and a fifty-two week high of GBX 3,956.50 ($53.25).
In other news, insider Simon Langelier purchased 31 shares of the company’s stock in a transaction on Monday, September 18th. The stock was bought at an average cost of GBX 3,258 ($43.85) per share, for a total transaction of £1,009.98 ($1,359.33).
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/11/imperial-brands-imb-given-a-gbx-3400-price-target-by-morgan-stanley-analysts.html.
Imperial Brands 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.
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.