Imperial Brands (IMB) Given a GBX 3,670 Price Target at Goldman Sachs Group

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.

Imperial Brands (LON:IMB) last released its earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.62) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of GBX 3,024.70 billion for the quarter.

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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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