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.
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.
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