Imperial Brands (IMB) Given New GBX 3,800 Price Target at Jefferies Financial Group
Imperial Brands (LON:IMB) had its price target hoisted by equities research analysts at Jefferies Financial Group from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 46.86% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,450 ($45.08) price objective on shares of Imperial Brands in a research note on Wednesday, July 4th. Societe Generale set a GBX 3,200 ($41.81) price objective on shares of Imperial Brands and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Liberum Capital reaffirmed a “buy” rating on shares of Imperial Brands in a research note on Thursday, June 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Imperial Brands in a research note on Wednesday, September 12th. Finally, Sanford C. Bernstein set a GBX 2,990 ($39.07) price objective on shares of Imperial Brands and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 3,225.94 ($42.15).
IMB stock opened at GBX 2,587.50 ($33.81) on Wednesday. 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.
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