Imperial Brands PLC (IMB) Earns “Buy” Rating from Deutsche Bank AG
IMB has been the subject of a number of other reports. Whitman Howard reaffirmed a buy rating and issued a GBX 5,100 ($68.59) target price on shares of Imperial Brands PLC in a report on Monday, July 31st. Berenberg Bank reduced their price target on shares of Imperial Brands PLC from GBX 4,200 ($56.48) to GBX 4,050 ($54.46) and set a buy rating for the company in a research report on Friday, June 30th. J P Morgan Chase & Co boosted their price target on Imperial Brands PLC from GBX 3,640 ($48.95) to GBX 3,770 ($50.70) and gave the stock a neutral rating in a research note on Thursday, June 22nd. Citigroup Inc. reissued a neutral rating and set a GBX 3,800 ($51.10) price target on shares of Imperial Brands PLC in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC lowered their price target on Imperial Brands PLC from GBX 4,200 ($56.48) to GBX 4,100 ($55.14) and set a buy rating on the stock in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Imperial Brands PLC currently has an average rating of Buy and a consensus target price of GBX 4,119.17 ($55.39).
Shares of Imperial Brands PLC (LON:IMB) opened at 3184.00 on Friday. The stock’s market capitalization is GBX 30.38 billion. The company’s 50 day moving average price is GBX 3,236.59 and its 200 day moving average price is GBX 3,563.37. Imperial Brands PLC has a 12 month low of GBX 3,112.50 and a 12 month high of GBX 4,128.50.
In other Imperial Brands PLC news, insider Simon Langelier acquired 31 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of GBX 3,258 ($43.81) per share, with a total value of £1,009.98 ($1,358.23).
About Imperial Brands PLC
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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