Imperial Brands (IMB) Rating Reiterated by Goldman Sachs Group
Goldman Sachs Group reiterated their conviction-buy rating on shares of Imperial Brands (LON:IMB) in a research report released on Wednesday morning. They currently have a GBX 3,670 ($51.46) target price on the stock.
IMB has been the subject of several other research reports. Investec reiterated a buy rating and issued a GBX 4,360 ($61.13) price objective on shares of Imperial Brands in a research report on Monday, January 29th. Berenberg Bank lowered their price objective on Imperial Brands from GBX 3,780 ($53.00) to GBX 3,765 ($52.79) and set a buy rating for the company in a research report on Wednesday, December 13th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 3,230 ($45.29) price objective on shares of Imperial Brands in a research report on Wednesday, November 8th. Citigroup reiterated a neutral rating on shares of Imperial Brands in a research report on Wednesday, November 8th. Finally, Morgan Stanley set a GBX 3,400 ($47.67) price objective on Imperial Brands and gave the company a neutral rating in a research report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Imperial Brands has a consensus rating of Buy and a consensus target price of GBX 3,868.24 ($54.24).
Shares of Imperial Brands (LON:IMB) opened at GBX 2,637.50 ($36.98) on Wednesday. Imperial Brands has a 12-month low of GBX 2,593.32 ($36.36) and a 12-month high of GBX 3,956.50 ($55.48). The firm has a market capitalization of $25,150.00 and a P/E ratio of 1,794.22.
In other Imperial Brands news, insider Mark Williamson bought 7,876 shares of Imperial Brands stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of GBX 3,149 ($44.15) per share, with a total value of £248,015.24 ($347,749.92).
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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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