Imperial Brands PLC (LON:IMB) had its price objective decreased by investment analysts at Jefferies Group LLC from GBX 4,100 ($55.14) to GBX 3,600 ($48.41) in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 13.07% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Citigroup Inc. reissued a “neutral” rating and issued a GBX 3,800 ($51.10) price objective on shares of Imperial Brands PLC in a research note on Wednesday, June 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 4,100 ($55.14) target price on shares of Imperial Brands PLC in a research report on Friday. Berenberg Bank lowered their target price on Imperial Brands PLC from GBX 4,200 ($56.48) to GBX 4,050 ($54.46) and set a “buy” rating on the stock in a research report on Friday, June 30th. Whitman Howard reiterated a “buy” rating and issued a GBX 5,100 ($68.59) target price on shares of Imperial Brands PLC in a report on Thursday, September 21st. Finally, J P Morgan Chase & Co cut their target price on Imperial Brands PLC from GBX 3,770 ($50.70) to GBX 3,230 ($43.44) and set a “neutral” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 4,077.50 ($54.83).

Shares of Imperial Brands PLC (LON IMB) traded down 1.02% on Monday, reaching GBX 3151.50. 1,022,700 shares of the company traded hands. The firm has a 50-day moving average price of GBX 3,236.59 and a 200 day moving average price of GBX 3,563.37. Imperial Brands PLC has a one year low of GBX 3,112.50 and a one year high of GBX 4,128.50. The company’s market capitalization is GBX 30.07 billion.

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In other news, insider Simon Langelier bought 31 shares of Imperial Brands PLC stock in a transaction dated Monday, September 18th. The stock was purchased at an average price of GBX 3,258 ($43.81) per share, for a total transaction of £1,009.98 ($1,358.23).

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.

Analyst Recommendations for Imperial Brands PLC (LON:IMB)

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