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).
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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.
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