Imperial Brands PLC (IMB) Receives Average Rating of “Buy” from Analysts

Shares of Imperial Brands PLC (LON:IMB) have earned a consensus rating of “Buy” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 3,916.25 ($54.91).

A number of equities research analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Imperial Brands in a research note on Wednesday, November 29th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 3,400 ($47.67) price target on shares of Imperial Brands in a research note on Wednesday, November 29th. Deutsche Bank reiterated a “buy” rating and set a GBX 3,700 ($51.88) price target on shares of Imperial Brands in a research note on Wednesday, November 8th. Beaufort Securities reiterated a “long term buy” rating and set a GBX 3,450 ($48.37) price target on shares of Imperial Brands in a research note on Tuesday, November 7th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 3,600 ($50.48) price target on shares of Imperial Brands in a research note on Friday, November 17th.

Shares of Imperial Brands (LON:IMB) opened at GBX 2,818.17 ($39.51) on Tuesday. Imperial Brands has a 52 week low of GBX 2,799.50 ($39.25) and a 52 week high of GBX 3,956.50 ($55.48). The firm has a market cap of $26,880.00 and a price-to-earnings ratio of 1,917.12.

Imperial Brands (LON:IMB) last posted its quarterly earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.74) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 264.40 ($3.71) 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 news, insider Mark Williamson acquired 7,876 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of GBX 3,149 ($44.15) per share, with a total value of £248,015.24 ($347,749.92).

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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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