Imperial Brands’ (IMB) “Buy” Rating Reaffirmed at Liberum Capital
Liberum Capital restated their buy rating on shares of Imperial Brands (LON:IMB) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also recently commented on IMB. Deutsche Bank reiterated a buy rating on shares of Imperial Brands in a research report on Thursday, March 14th. Jefferies Financial Group reiterated a buy rating and set a GBX 3,900 ($50.96) price target on shares of Imperial Brands in a research report on Wednesday, May 1st. Citigroup upgraded shares of Imperial Brands to a buy rating and lifted their price target for the stock from GBX 2,700 ($35.28) to GBX 3,000 ($39.20) in a research report on Thursday, March 28th. Credit Suisse Group reiterated an outperform rating and set a GBX 3,300 ($43.12) price target on shares of Imperial Brands in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 2,900 ($37.89) price target on shares of Imperial Brands in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 3,029.29 ($39.58).
Shares of LON:IMB opened at GBX 1,915 ($25.02) on Thursday. Imperial Brands has a one year low of GBX 1,915 ($25.02) and a one year high of GBX 3,009 ($39.32). The company has a quick ratio of 0.32, a current ratio of 0.68 and a debt-to-equity ratio of 241.51. The company has a market cap of $18.16 billion and a PE ratio of 11.78.
In related news, insider Matthew Phillips sold 4,235 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of GBX 2,640 ($34.50), for a total transaction of £111,804 ($146,091.73).
Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.
Read More: Why are gap-down stocks important?
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.