Imperial Brands (LON:IMB)‘s stock had its “buy” rating restated by equities research analysts at Investec in a report issued on Monday. They presently have a GBX 4,360 ($59.13) price target on the stock. Investec’s target price points to a potential upside of 49.29% from the company’s previous close.
Several other research analysts have also issued reports on the company. Goldman Sachs Group set a GBX 3,670 ($49.77) price target on Imperial Brands and gave the stock a “buy” rating in a research report on Monday, January 22nd. UBS Group set a GBX 3,140 ($42.58) price target on Imperial Brands and gave the stock a “neutral” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 3,275 ($44.41) price objective on shares of Imperial Brands in a research note on Thursday, January 18th. Citigroup reaffirmed a “neutral” rating on shares of Imperial Brands in a research note on Tuesday, January 16th. Finally, Berenberg Bank dropped their price objective on 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 note on Wednesday, December 13th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Imperial Brands presently has an average rating of “Buy” and an average price target of GBX 3,885.88 ($52.70).
Imperial Brands (LON IMB) opened at GBX 2,920.50 ($39.61) on Monday. Imperial Brands has a 12-month low of GBX 2,853.60 ($38.70) and a 12-month high of GBX 3,956.50 ($53.65). The stock has a market capitalization of $27,820.00 and a price-to-earnings ratio of 1,986.73.
In other news, insider Mark Williamson purchased 7,876 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average price of GBX 3,149 ($42.70) per share, with a total value of £248,015.24 ($336,337.46).
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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