Imperial Brands PLC (IMB) Earns Buy Rating from Whitman Howard
A number of other brokerages have also commented on IMB. Deutsche Bank AG reissued a buy rating and set a GBX 4,100 ($55.28) price objective on shares of Imperial Brands PLC in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) lowered their price objective on Imperial Brands PLC from GBX 4,370 ($58.92) to GBX 4,000 ($53.93) and set a conviction-buy rating on the stock in a report on Thursday, August 3rd. J P Morgan Chase & Co reissued a neutral rating and set a GBX 3,770 ($50.83) price objective on shares of Imperial Brands PLC in a report on Monday, July 31st. Berenberg Bank lowered their price objective 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 report on Friday, June 30th. Finally, Credit Suisse Group reissued an outperform rating and set a GBX 4,150 ($55.95) price objective on shares of Imperial Brands PLC in a report on Monday, September 11th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 4,164.17 ($56.14).
Imperial Brands PLC (IMB) opened at 3227.50 on Thursday. Imperial Brands PLC has a 12-month low of GBX 3,112.50 and a 12-month high of GBX 4,128.50. 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. The stock’s market cap is GBX 30.80 billion.
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In other Imperial Brands PLC news, insider Simon Langelier bought 31 shares of the stock in a transaction on Monday, September 18th. The shares were purchased at an average price of GBX 3,258 ($43.93) per share, with a total value of £1,009.98 ($1,361.71).
About Imperial Brands PLC
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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