Deutsche Bank Cuts Imperial Brands (IMB) Price Target to GBX 3,400

Imperial Brands (LON:IMB) had its price target lowered by analysts at Deutsche Bank from GBX 3,700 ($51.88) to GBX 3,400 ($47.67) in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 28.91% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Citigroup reissued a “neutral” rating on shares of Imperial Brands in a report on Wednesday, November 29th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 3,400 ($47.67) price target on shares of Imperial Brands in a report on Wednesday, November 29th. Beaufort Securities reissued a “long term buy” rating and issued a GBX 3,450 ($48.37) price target on shares of Imperial Brands in a report on Tuesday, November 7th. Jefferies Group reissued a “buy” rating and issued a GBX 3,600 ($50.48) price target on shares of Imperial Brands in a report on Friday, November 17th. Finally, Goldman Sachs Group reissued a “conviction-buy” rating and issued a GBX 3,770 ($52.86) price target (up previously from GBX 3,770 ($52.86)) on shares of Imperial Brands in a report on Friday, November 24th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Imperial Brands currently has an average rating of “Buy” and a consensus target price of GBX 3,868.24 ($54.24).

Shares of Imperial Brands (IMB) traded down GBX 46.50 ($0.65) during trading on Thursday, hitting GBX 2,637.50 ($36.98). 4,605,365 shares of the company’s stock traded hands, compared to its average volume of 2,220,000. The company has a market cap of $25,150.00 and a PE ratio of 1,794.22. Imperial Brands has a 52 week low of GBX 2,593.32 ($36.36) and a 52 week high of GBX 3,956.50 ($55.48).

In related news, insider Mark Williamson bought 7,876 shares of Imperial Brands stock in a transaction that occurred 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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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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