Jefferies Financial Group Increases Imperial Brands (IMB) Price Target to GBX 3,800
Imperial Brands (LON:IMB) had its price target boosted by Jefferies Financial Group from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) in a research report report published on Wednesday. They currently have a buy rating on the stock.
A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada downgraded shares of Imperial Brands to an underperform rating and decreased their price objective for the stock from GBX 2,800 ($36.59) to GBX 2,400 ($31.36) in a research report on Monday, September 3rd. Credit Suisse Group reiterated an outperform rating on shares of Imperial Brands in a research report on Thursday, August 23rd. Barclays reiterated an overweight rating on shares of Imperial Brands in a research report on Friday, October 12th. Goldman Sachs Group set a GBX 2,920 ($38.15) price objective on shares of Imperial Brands and gave the stock a neutral rating in a research report on Tuesday, September 4th. Finally, Citigroup decreased their price objective on shares of Imperial Brands from GBX 2,900 ($37.89) to GBX 2,700 ($35.28) and set a neutral rating for the company in a research report on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 3,225.94 ($42.15).
LON IMB opened at GBX 2,589 ($33.83) on Wednesday. Imperial Brands has a 1 year low of GBX 2,447 ($31.97) and a 1 year high of GBX 3,956.50 ($51.70).
Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.
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