Goldman Sachs Group Inc Lowers Imperial Brands PLC (IMB) Price Target to GBX 4,070

Imperial Brands PLC (LON:IMB) had its target price cut by Goldman Sachs Group Inc from GBX 4,130 ($53.31) to GBX 4,070 ($52.54) in a research note issued to investors on Thursday, May 4th. They currently have a buy rating on the stock.

IMB has been the subject of a number of other research reports. Barclays PLC dropped their price objective on Imperial Brands PLC from GBX 4,500 ($58.09) to GBX 4,300 ($55.51) and set an overweight rating for the company in a research note on Monday, January 23rd. Deutsche Bank AG dropped their price target on Imperial Brands PLC from GBX 4,350 ($56.15) to GBX 4,100 ($52.92) and set a buy rating for the company in a research note on Thursday, May 4th. Whitman Howard reissued a buy rating and set a GBX 5,100 ($65.83) price target on shares of Imperial Brands PLC in a research note on Thursday, February 23rd. Berenberg Bank reissued a buy rating and set a GBX 3,543 ($45.73) price target (down from GBX 4,280 ($55.25)) on shares of Imperial Brands PLC in a research note on Wednesday, January 4th. Finally, Credit Suisse Group AG raised Imperial Brands PLC to an outperform rating and increased their price target for the company from GBX 3,800 ($49.05) to GBX 4,150 ($53.57) in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 4,165 ($53.76).

Shares of Imperial Brands PLC (LON:IMB) traded up 0.71% on Thursday, reaching GBX 3670.00. The company’s stock had a trading volume of 1,590,307 shares. The stock’s market cap is GBX 35.02 billion. The firm’s 50-day moving average price is GBX 3,784.56 and its 200-day moving average price is GBX 3,682.93. Imperial Brands PLC has a 12 month low of GBX 3,324.00 and a 12 month high of GBX 4,154.00.

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The firm also recently disclosed a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 17th will be given a GBX 25.85 ($0.33) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 0.68%.

Imperial Brands PLC 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.

12 Month Chart for LON:IMB

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