Sanford C. Bernstein Analysts Give Imperial Brands (IMB) a GBX 2,990 Price Target

Sanford C. Bernstein set a GBX 2,990 ($39.07) price objective on Imperial Brands (LON:IMB) in a report issued on Tuesday. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Berenberg Bank restated a buy rating and set a GBX 3,450 ($45.08) target price on shares of Imperial Brands in a research report on Wednesday, July 4th. Societe Generale set a GBX 3,200 ($41.81) target price on shares of Imperial Brands and gave the stock a buy rating in a research report on Tuesday, July 3rd. Liberum Capital restated a buy rating on shares of Imperial Brands in a research report on Thursday, June 28th. Deutsche Bank restated a buy rating on shares of Imperial Brands in a research report on Wednesday, September 12th. Finally, JPMorgan Chase & Co. set a GBX 2,900 ($37.89) target price on shares of Imperial Brands and gave the stock a neutral rating in a research report on Friday, September 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 3,225.94 ($42.15).

Shares of IMB opened at GBX 2,587.50 ($33.81) on Tuesday. Imperial Brands has a 52 week low of GBX 2,447 ($31.97) and a 52 week high of GBX 3,956.50 ($51.70).

In other news, insider Simon Langelier purchased 225 shares of Imperial Brands stock in a transaction that occurred on Wednesday, September 12th. The shares were acquired at an average price of GBX 2,644 ($34.55) per share, for a total transaction of £5,949 ($7,773.42). Also, insider Oliver Tant acquired 5,386 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was bought at an average cost of GBX 2,586 ($33.79) per share, with a total value of £139,281.96 ($181,996.55).

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.

See Also: What are the reasons investors use put options?

Analyst Recommendations for Imperial Brands (LON:IMB)

Receive News & Ratings for Imperial Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply