J P Morgan Chase & Co Increases Imperial Brands PLC (IMB) Price Target to GBX 3,275
Imperial Brands PLC (LON:IMB) had its price target increased by research analysts at J P Morgan Chase & Co from GBX 3,230 ($42.48) to GBX 3,275 ($43.08) in a note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s price target points to a potential upside of 7.62% from the stock’s current price.
Several other analysts also recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Imperial Brands PLC in a research note on Monday, July 31st. Whitman Howard reiterated a “buy” rating and set a GBX 5,100 ($67.08) price target on shares of Imperial Brands PLC in a research note on Thursday, July 20th. Barclays PLC set a GBX 4,300 ($56.56) price objective on Imperial Brands PLC and gave the stock a “buy” rating in a research report on Wednesday, September 6th. S&P Global set a GBX 4,200 ($55.24) price objective on Imperial Brands PLC and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Jefferies Group LLC cut their price objective on Imperial Brands PLC from GBX 4,200 ($55.24) to GBX 4,100 ($53.93) and set a “buy” rating for the company in a research report on Wednesday, September 6th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 3,926.56 ($51.64).
Shares of Imperial Brands PLC (IMB) opened at GBX 3,057 ($40.21) on Tuesday. Imperial Brands PLC has a 52 week low of GBX 3,019 ($39.71) and a 52 week high of GBX 3,956.50 ($52.04).
Imperial Brands PLC (LON:IMB) last released its quarterly earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.51) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 264.40 ($3.48) by GBX 2.60 ($0.03). The company had revenue of GBX 3,024.70 billion during the quarter. Imperial Brands PLC had a return on equity of 25.54% and a net margin of 4.83%.
In other Imperial Brands PLC news, insider Simon Langelier purchased 31 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of GBX 3,258 ($42.85) per share, for a total transaction of £1,009.98 ($1,328.40).
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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