Royal Bank Of Canada Boosts Imperial Brands (LON:IMB) Price Target to GBX 2,700

Imperial Brands (LON:IMB) had its price objective boosted by equities research analysts at Royal Bank Of Canada from GBX 2,400 to GBX 2,700 in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 17.48% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Panmure Gordon reissued a “buy” rating and issued a GBX 4,200 target price on shares of Imperial Brands in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Imperial Brands in a report on Friday, October 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,600 price target on shares of Imperial Brands in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,500.

Imperial Brands Stock Up 1.0%

IMB traded up GBX 33 on Thursday, reaching GBX 3,272. The company’s stock had a trading volume of 20,805,795 shares, compared to its average volume of 5,078,026. Imperial Brands has a 1 year low of GBX 2,493 and a 1 year high of GBX 3,275.07. The business’s 50 day moving average is GBX 3,102.16 and its 200 day moving average is GBX 2,998.45. The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41. The stock has a market cap of £26.29 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42.

Imperial Brands (LON:IMB) last announced its earnings results on Tuesday, November 18th. The company reported GBX 315 earnings per share (EPS) for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. As a group, research analysts forecast that Imperial Brands will post 246.5723613 EPS for the current fiscal year.

Insider Buying and Selling

In other Imperial Brands news, insider Alan Johnson bought 600 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were purchased at an average price of GBX 3,066 per share, with a total value of £18,396. 0.43% of the stock is currently owned by corporate insiders.

About Imperial Brands