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).

Imperial Brands (LON:IMB) last announced its quarterly earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.74) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 264.40 ($3.71) by GBX 2.60 ($0.04). The business had revenue of GBX 3,024.70 billion for the quarter. Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%.

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).

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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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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