Sanford C. Bernstein Reiterates “GBX 2,990” Price Target for Imperial Brands (IMB)
Imperial Brands (LON:IMB) received a GBX 2,990 ($39.07) price target from equities researchers at Sanford C. Bernstein in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 15.58% from the stock’s current price.
A number of other analysts have also recently commented on IMB. Liberum Capital reiterated a “buy” rating on shares of Imperial Brands in a research note on Thursday, June 28th. Royal Bank of Canada set a GBX 2,400 ($31.36) price target on shares of Imperial Brands and gave the company a “sell” rating in a research note on Monday. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,450 ($45.08) price target on shares of Imperial Brands in a research note on Wednesday, July 4th. Societe Generale set a GBX 3,200 ($41.81) price target on shares of Imperial Brands and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Finally, JPMorgan Chase & Co. set a GBX 2,900 ($37.89) price objective on shares of Imperial Brands and gave the company a “neutral” rating in a research report on Friday, September 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Imperial Brands presently has an average rating of “Hold” and an average price target of GBX 3,225.94 ($42.15).
Shares of IMB stock opened at GBX 2,587 ($33.80) on Tuesday. Imperial Brands has a one year low of GBX 2,447 ($31.97) and a one year high of GBX 3,956.50 ($51.70).
About Imperial Brands
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.
See Also: Float
Receive News & Ratings for Imperial Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands and related companies with MarketBeat.com's FREE daily email newsletter.