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).
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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