Imperial Brands (LON:IMB) had its price target reduced by research analysts at Berenberg Bank from GBX 3,780 ($50.87) to GBX 3,765 ($50.67) in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 23.24% from the stock’s previous close.

Several other research firms have also recently issued reports on IMB. Whitman Howard restated a “buy” rating and set a GBX 5,100 ($68.64) price objective on shares of Imperial Brands in a report on Friday, September 15th. Credit Suisse Group restated an “outperform” rating and set a GBX 4,150 ($55.85) price objective on shares of Imperial Brands in a report on Monday, September 11th. Barclays set a GBX 4,300 ($57.87) price objective on Imperial Brands and gave the stock a “buy” rating in a report on Wednesday, September 6th. Jefferies Group decreased their price objective on Imperial Brands from GBX 4,200 ($56.53) to GBX 4,100 ($55.18) and set a “buy” rating on the stock in a report on Wednesday, September 6th. Finally, Deutsche Bank set a GBX 4,100 ($55.18) price objective on Imperial Brands and gave the stock a “buy” rating in a report on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Imperial Brands has a consensus rating of “Buy” and an average target price of GBX 3,870.63 ($52.09).

Shares of Imperial Brands (IMB) opened at GBX 3,055 ($41.12) on Wednesday. Imperial Brands has a fifty-two week low of GBX 3,013 ($40.55) and a fifty-two week high of GBX 3,956.50 ($53.25).

Imperial Brands (LON:IMB) last posted its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.59) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 264.40 ($3.56) by GBX 2.60 ($0.03). Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%. The business had revenue of GBX 3,024.70 billion for the quarter.

In related news, insider Simon Langelier acquired 31 shares of the business’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of GBX 3,258 ($43.85) per share, with a total value of £1,009.98 ($1,359.33).

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Imperial Brands 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 (LON:IMB)

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