Imperial Brands PLC (IMB) Stock Rating Reaffirmed by Jefferies Group LLC
Imperial Brands PLC (LON:IMB)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a GBX 3,600 ($47.35) price objective on the stock. Jefferies Group LLC’s price objective points to a potential upside of 18.07% from the company’s previous close.
Several other research analysts also recently commented on the company. Whitman Howard reaffirmed a “buy” rating and set a GBX 5,100 ($67.08) target price on shares of Imperial Brands PLC in a report on Thursday, July 20th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Imperial Brands PLC in a report on Monday, July 31st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 3,770 ($49.59) target price on shares of Imperial Brands PLC in a report on Monday, July 31st. The Goldman Sachs Group, Inc. cut their target price on Imperial Brands PLC from GBX 4,370 ($57.48) to GBX 4,000 ($52.61) and set a “conviction-buy” rating on the stock in a report on Thursday, August 3rd. Finally, Citigroup Inc. set a GBX 3,800 ($49.98) target price on Imperial Brands PLC and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 3,926.56 ($51.64).
Shares of Imperial Brands PLC (LON:IMB) opened at GBX 3,049 ($40.10) on Friday. Imperial Brands PLC has a 52-week low of GBX 3,019 ($39.71) and a 52-week high of GBX 3,956.50 ($52.04).
Imperial Brands PLC (LON:IMB) last issued its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.51) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 264.40 ($3.48) by GBX 2.60 ($0.03). The business had revenue of GBX 3,024.70 billion for the quarter. Imperial Brands PLC had a return on equity of 25.54% and a net margin of 4.83%.
In other news, insider Simon Langelier bought 31 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was acquired at an average cost of GBX 3,258 ($42.85) per share, with a total value of £1,009.98 ($1,328.40).
Imperial Brands PLC 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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