Imperial Brands PLC (IMB) Price Target Cut to GBX 3,500
Imperial Brands PLC (LON:IMB) had its price target decreased by Royal Bank Of Canada from GBX 3,600 ($47.75) to GBX 3,500 ($46.43) in a report published on Tuesday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
Other equities analysts also recently issued research reports about the company. Whitman Howard reiterated a buy rating and issued a GBX 5,100 ($67.65) price objective on shares of Imperial Brands PLC in a research report on Thursday, July 20th. Berenberg Bank cut their price objective on Imperial Brands PLC from GBX 4,200 ($55.71) to GBX 4,050 ($53.72) and set a buy rating for the company in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) lifted their price objective on Imperial Brands PLC from GBX 4,070 ($53.99) to GBX 4,100 ($54.38) and gave the company a buy rating in a research report on Thursday, June 29th. Deutsche Bank AG reiterated a buy rating and issued a GBX 4,100 ($54.38) price objective on shares of Imperial Brands PLC in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC cut their price objective on Imperial Brands PLC from GBX 4,200 ($55.71) to GBX 4,100 ($54.38) and set a buy rating for the company in a research 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. Imperial Brands PLC currently has a consensus rating of Buy and an average target price of GBX 4,069.17 ($53.97).
Imperial Brands PLC (LON:IMB) opened at 3134.50 on Tuesday. The firm’s market capitalization is GBX 29.91 billion. Imperial Brands PLC has a one year low of GBX 3,112.50 and a one year high of GBX 4,007.00. The stock’s 50 day moving average price is GBX 3,227.72 and its 200-day moving average price is GBX 3,508.80.
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In related news, insider Simon Langelier acquired 24,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was acquired at an average price of GBX 3,447 ($45.72) per share, for a total transaction of £830,727 ($1,101,906.09).
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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