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.

Imperial Brands (LON:IMB) last announced its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.74) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 264.40 ($3.71) by GBX 2.60 ($0.04). Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%. The firm had revenue of GBX 3,024.70 billion during the quarter.

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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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