Imperial Brands PLC (IMB) Stock Rating Reaffirmed by Goldman Sachs Group, Inc. (The)
Imperial Brands PLC (LON:IMB)‘s stock had its “buy” rating restated by equities research analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Thursday. They currently have a GBX 4,000 ($53.93) price target on the stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 23.93% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Whitman Howard restated a “buy” rating and issued a GBX 5,100 ($68.76) target price on shares of Imperial Brands PLC in a research note on Thursday. Jefferies Group LLC cut their target price on Imperial Brands PLC from GBX 4,200 ($56.63) to GBX 4,100 ($55.28) and set a “buy” rating on the stock in a research note on Wednesday, September 6th. Deutsche Bank AG restated a “buy” rating and issued a GBX 4,100 ($55.28) target price on shares of Imperial Brands PLC in a research note on Thursday, June 22nd. Berenberg Bank cut their target price on Imperial Brands PLC from GBX 4,200 ($56.63) to GBX 4,050 ($54.60) and set a “buy” rating on the stock in a research note on Friday, June 30th. Finally, Citigroup Inc. restated a “neutral” rating and issued a GBX 3,800 ($51.23) target price on shares of Imperial Brands PLC in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 4,164.17 ($56.14).
Shares of Imperial Brands PLC (LON:IMB) opened at 3227.50 on Thursday. 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 1-year low of GBX 3,112.50 and a 1-year high of GBX 4,128.50. The company’s market cap is GBX 30.80 billion.
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In other news, insider Simon Langelier acquired 31 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average price of GBX 3,258 ($43.93) per share, for a total transaction of £1,009.98 ($1,361.71).
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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