Jefferies Group LLC Lowers Imperial Brands PLC (IMB) Price Target to GBX 3,600
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.
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.
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