Imperial Brands (OTCMKTS:IMBBY) Upgraded to “Buy” at UBS Group

Imperial Brands (OTCMKTS:IMBBYGet Rating) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

A number of other research analysts have also recently commented on the stock. Barclays increased their target price on shares of Imperial Brands from GBX 2,100 ($25.37) to GBX 2,300 ($27.79) in a report on Wednesday, May 18th. JPMorgan Chase & Co. raised their price objective on shares of Imperial Brands from GBX 2,000 ($24.17) to GBX 2,250 ($27.19) in a report on Wednesday, May 18th. Finally, The Goldman Sachs Group upgraded shares of Imperial Brands from a “neutral” rating to a “buy” rating in a report on Wednesday, May 25th.

Imperial Brands Stock Performance

Shares of IMBBY stock traded up $0.23 on Wednesday, reaching $23.41. The company had a trading volume of 499,736 shares, compared to its average volume of 247,136. The company has a quick ratio of 0.31, a current ratio of 0.71 and a debt-to-equity ratio of 1.35. Imperial Brands has a one year low of $19.62 and a one year high of $25.16. The business’s 50-day moving average is $22.34 and its 200 day moving average is $22.30.

Imperial Brands Company Profile

(Get Rating)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and next generation product (NGP) portfolio, such as e-vapour products, oral nicotine, and heated tobacco products.

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