Imperial Brands (IMB) PT Set at GBX 3,275 by JPMorgan Chase & Co.
Imperial Brands (LON:IMB) received a GBX 3,275 ($45.92) price objective from investment analysts at JPMorgan Chase & Co. in a report released on Thursday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 21.39% from the company’s previous close.
IMB has been the topic of several other research reports. Investec reiterated a “buy” rating and issued a GBX 4,360 ($61.13) price target on shares of Imperial Brands in a report on Monday, January 29th. Goldman Sachs Group cut their price target on Imperial Brands from GBX 4,000 ($56.09) to GBX 3,900 ($54.68) and set a “conviction-buy” rating on the stock in a report on Tuesday, October 17th. Berenberg Bank cut their price target on Imperial Brands from GBX 3,780 ($53.00) to GBX 3,765 ($52.79) and set a “buy” rating on the stock in a report on Wednesday, December 13th. Citigroup reiterated a “neutral” rating on shares of Imperial Brands in a report on Wednesday, November 8th. Finally, Morgan Stanley set a GBX 3,400 ($47.67) price target on Imperial Brands and gave the stock a “neutral” rating in a report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 3,868.24 ($54.24).
Imperial Brands (IMB) opened at GBX 2,698 ($37.83) on Thursday. The stock has a market capitalization of $26,310.00 and a P/E ratio of 1,835.37. Imperial Brands has a fifty-two week low of GBX 2,673.50 ($37.49) and a fifty-two week high of GBX 3,956.50 ($55.48).
In related news, insider Mark Williamson bought 7,876 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average price of GBX 3,149 ($44.15) per share, for a total transaction of £248,015.24 ($347,749.92).
About Imperial Brands
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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