Imperial Brands (LON:IMB) has been given a GBX 3,670 ($49.77) target price by equities research analysts at Goldman Sachs Group in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price target suggests a potential upside of 23.38% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. UBS Group set a GBX 3,140 ($42.58) target price on shares of Imperial Brands and gave the company a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 3,275 ($44.41) target price on shares of Imperial Brands in a research report on Thursday. Citigroup reiterated a “neutral” rating on shares of Imperial Brands in a research report on Tuesday, January 16th. Berenberg Bank dropped their target price on shares of Imperial Brands from GBX 3,780 ($51.26) to GBX 3,765 ($51.06) and set a “buy” rating on the stock in a research report on Wednesday, December 13th. Finally, Morgan Stanley set a GBX 3,400 ($46.11) target price on shares of Imperial Brands and gave the company a “neutral” rating in a research report on Monday, December 11th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Imperial Brands presently has a consensus rating of “Buy” and a consensus price target of GBX 3,856.25 ($52.30).
Imperial Brands (LON: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 company 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 firm has a market cap of $28,780.00 and a P/E ratio of 2,023.47.
In other news, insider Mark Williamson bought 7,876 shares of Imperial Brands stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average price 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.
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