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.

Analyst Recommendations for Imperial Brands PLC (LON:IMB)

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