Imperial Brands (IMB) PT Set at GBX 2,900 by JPMorgan Chase & Co.
Imperial Brands (LON:IMB) has been assigned a GBX 2,900 ($37.78) target price by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 10.79% from the company’s current price.
Several other research firms also recently commented on IMB. Goldman Sachs Group set a GBX 2,920 ($38.04) target price on shares of Imperial Brands and gave the stock a “neutral” rating in a research report on Tuesday, September 4th. Deutsche Bank reiterated a “buy” rating on shares of Imperial Brands in a research report on Wednesday. Royal Bank of Canada downgraded shares of Imperial Brands to an “underperform” rating and cut their target price for the stock from GBX 2,800 ($36.47) to GBX 2,400 ($31.26) in a research report on Monday, September 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 3,450 ($44.94) target price on shares of Imperial Brands in a research report on Wednesday, July 4th. Finally, Societe Generale cut their target price on shares of Imperial Brands from GBX 4,500 ($58.62) to GBX 3,200 ($41.68) and set a “buy” rating on the stock in a research report on Thursday, June 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 3,445.29 ($44.88).
LON:IMB opened at GBX 2,617.50 ($34.10) on Friday. Imperial Brands has a one year low of GBX 2,447 ($31.87) and a one year high of GBX 3,956.50 ($51.54).
Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.
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