Imperial Brands PLC (IMBBY) Given Consensus Recommendation of “Buy” by Analysts
Shares of Imperial Brands PLC (NASDAQ:IMBBY) have received an average rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $47.00.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Imperial Brands PLC from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday. Piper Jaffray Companies began coverage on shares of Imperial Brands PLC in a report on Thursday, May 25th. They issued an “overweight” rating on the stock. Finally, Royal Bank Of Canada raised shares of Imperial Brands PLC from a “sector perform” rating to an “outperform” rating in a report on Monday, August 21st.
Shares of Imperial Brands PLC (NASDAQ IMBBY) opened at 42.10 on Tuesday. The firm has a 50-day moving average of $43.81 and a 200 day moving average of $46.92. Imperial Brands PLC has a 52 week low of $41.43 and a 52 week high of $54.91. The company has a market cap of $40.18 billion and a P/E ratio of 30.49.
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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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