Imperial Brands (LON:IMB)‘s stock had its “neutral” rating restated by equities research analysts at J P Morgan Chase & Co in a note issued to investors on Tuesday.
Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada reduced their target price on Imperial Brands from GBX 3,600 ($48.45) to GBX 3,500 ($47.11) and set an “outperform” rating for the company in a report on Tuesday, October 3rd. Goldman Sachs Group reissued a “conviction-buy” rating and set a GBX 3,770 ($50.74) target price (up previously from GBX 3,770 ($50.74)) on shares of Imperial Brands in a report on Friday, November 24th. Jefferies Group set a GBX 3,600 ($48.45) target price on Imperial Brands and gave the company a “buy” rating in a report on Monday, October 2nd. Barclays set a GBX 4,300 ($57.87) target price on Imperial Brands and gave the company a “buy” rating in a report on Wednesday, September 6th. Finally, Citigroup set a GBX 3,400 ($45.76) target price on Imperial Brands and gave the company a “neutral” rating in a report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 3,910.31 ($52.63).
Shares of Imperial Brands (LON:IMB) opened at GBX 3,071.50 ($41.34) on Tuesday. Imperial Brands has a 12-month low of GBX 3,015.50 ($40.59) and a 12-month high of GBX 3,956.50 ($53.25).
In related news, insider Simon Langelier purchased 31 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average price of GBX 3,258 ($43.85) per share, with a total value of £1,009.98 ($1,359.33).
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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