Imperial Brands PLC (IMB) Price Target Cut to GBX 3,500
Imperial Brands PLC (LON:IMB) had its target price reduced by analysts at Royal Bank Of Canada from GBX 3,600 ($47.75) to GBX 3,500 ($46.43) in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 10.55% from the company’s previous close.
Several other brokerages also recently weighed in on IMB. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 3,800 ($50.40) target price on shares of Imperial Brands PLC in a research note on Wednesday, June 28th. Deutsche Bank AG restated a “buy” rating and set a GBX 4,100 ($54.38) price target on shares of Imperial Brands PLC in a research note on Thursday, June 22nd. J P Morgan Chase & Co upped their price target on Imperial Brands PLC from GBX 3,640 ($48.28) to GBX 3,770 ($50.01) and gave the stock a “neutral” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) increased their price target on Imperial Brands PLC from GBX 4,070 ($53.99) to GBX 4,100 ($54.38) and gave the stock a “buy” rating in a report on Thursday, June 29th. Finally, Berenberg Bank decreased their price target on Imperial Brands PLC from GBX 4,200 ($55.71) to GBX 4,050 ($53.72) and set a “buy” rating for the company in a report on Friday, June 30th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Imperial Brands PLC presently has an average rating of “Buy” and a consensus price target of GBX 4,069.17 ($53.97).
Imperial Brands PLC (LON IMB) opened at 3178.50 on Tuesday. Imperial Brands PLC has a 52-week low of GBX 3,112.50 and a 52-week high of GBX 4,128.50. The company’s 50-day moving average is GBX 3,235.42 and its 200-day moving average is GBX 3,522.13. The firm’s market capitalization is GBX 30.33 billion.
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In related news, insider Simon Langelier purchased 31 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was acquired at an average price of GBX 3,258 ($43.22) per share, for a total transaction of £1,009.98 ($1,339.67).
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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