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%.

WARNING: This piece was posted by Daily Political and is the property of of Daily Political. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/11/16/j-p-morgan-chase-co-increases-imperial-brands-plc-imb-price-target-to-gbx-3275.html.

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.

Analyst Recommendations for Imperial Brands PLC (LON:IMB)

Receive News & Ratings for Imperial Brands PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands PLC and related companies with MarketBeat.com's FREE daily email newsletter.