Imperial Brands (IMB) Given a GBX 4,500 Price Target at Societe Generale
Imperial Brands (LON:IMB) received a GBX 4,500 ($63.10) price objective from equities research analysts at Societe Generale in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Societe Generale’s price objective points to a potential upside of 70.62% from the stock’s current price.
IMB has been the topic of a number of other reports. Goldman Sachs Group set a GBX 3,670 ($51.46) target price on Imperial Brands and gave the stock a “buy” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 3,230 ($45.29) target price on shares of Imperial Brands in a report on Friday, October 20th. Beaufort Securities reiterated a “long term buy” rating and issued a GBX 3,450 ($48.37) target price on shares of Imperial Brands in a report on Tuesday, November 7th. S&P Global set a GBX 4,200 ($58.89) target price on Imperial Brands and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Berenberg Bank dropped their price objective 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 research note on Wednesday, December 13th. Four research 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’s stock. Imperial Brands has an average rating of “Buy” and a consensus price target of GBX 3,868.24 ($54.24).
Imperial Brands (IMB) opened at GBX 2,637.50 ($36.98) on Thursday. Imperial Brands has a twelve month low of GBX 2,593.32 ($36.36) and a twelve month high of GBX 3,956.50 ($55.48). The stock has a market capitalization of $25,150.00 and a price-to-earnings ratio of 1,794.22.
In other Imperial Brands news, insider Mark Williamson bought 7,876 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average cost of GBX 3,149 ($44.15) per share, with a total value of £248,015.24 ($347,749.92).
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.
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