Imperial Brands (IMB) Receives “Buy” Rating from Investec

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.

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

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).

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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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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