Imperial Brands (IMB) Given a GBX 3,140 Price Target at UBS Group

Imperial Brands (LON:IMB) received a GBX 3,140 ($42.58) price target from UBS Group in a report issued on Monday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 5.56% from the stock’s current price.

A number of other equities research analysts also recently issued reports on IMB. Citigroup set a GBX 3,400 ($46.11) price target on shares of Imperial Brands and gave the stock a “neutral” rating in a report on Friday, September 29th. Deutsche Bank reissued a “buy” rating and issued a GBX 4,100 ($55.60) price target on shares of Imperial Brands in a report on Friday, September 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,275 ($44.41) price target on shares of Imperial Brands in a report on Thursday. Barclays reissued an “overweight” rating and issued a GBX 4,300 ($58.31) price target on shares of Imperial Brands in a report on Monday, September 25th. Finally, Whitman Howard reissued a “buy” rating and issued a GBX 5,100 ($69.16) price target on shares of Imperial Brands in a report on Thursday, September 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 3,856.25 ($52.30).

Shares of Imperial Brands (IMB) traded down GBX 41.50 ($0.56) during trading on Monday, hitting GBX 2,974.50 ($40.34). 1,982,967 shares of the stock were exchanged, compared to its average volume of 1,710,000. Imperial Brands has a 52-week low of GBX 2,986.50 ($40.50) and a 52-week high of GBX 3,956.50 ($53.65). The stock has a market capitalization of $28,780.00 and a P/E ratio of 2,023.47.

Imperial Brands (LON:IMB) last announced its quarterly earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.62) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 264.40 ($3.59) by GBX 2.60 ($0.04). Imperial Brands had a net margin of 4.75% and a return on equity of 26.82%. The firm had revenue of GBX 3,024.70 billion for the quarter.

In other Imperial Brands news, insider Mark Williamson purchased 7,876 shares of Imperial Brands stock in a transaction on Tuesday, December 19th. The shares were acquired at an average cost of GBX 3,149 ($42.70) per share, for a total transaction of £248,015.24 ($336,337.46).

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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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