Imperial Brands PLC (IMT) PT Set at GBX 3,400 by Citigroup Inc.
Imperial Brands PLC (LON:IMT) has been assigned a GBX 3,400 ($45.72) price objective by investment analysts at Citigroup Inc. in a report issued on Friday. The brokerage presently has a “neutral” rating on the stock. Citigroup Inc.’s target price indicates a potential downside of 7.56% from the stock’s previous close.
A number of other research analysts have also recently issued reports on IMT. Deutsche Bank AG reiterated a “buy” rating and set a GBX 4,100 ($55.14) price objective on shares of Imperial Brands PLC in a research note on Friday. Barclays PLC reiterated an “overweight” rating and set a GBX 4,300 ($57.83) price objective on shares of Imperial Brands PLC in a research note on Monday, September 25th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a GBX 4,000 ($53.79) price objective on shares of Imperial Brands PLC in a research note on Thursday, September 21st. Whitman Howard reiterated a “buy” rating and set a GBX 5,100 ($68.59) price objective on shares of Imperial Brands PLC in a research note on Thursday. Finally, J P Morgan Chase & Co lowered their price objective on Imperial Brands PLC from GBX 3,770 ($50.70) to GBX 3,230 ($43.44) and set a “neutral” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 4,112.86 ($55.31).
Shares of Imperial Brands PLC (LON:IMT) opened at 3678.00 on Friday. The company has a 50-day moving average price of GBX 3,654.35 and a 200-day moving average price of GBX 3,758.37. Imperial Brands PLC has a 52-week low of GBX 3,324.00 and a 52-week high of GBX 4,154.00.
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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