Imperial Brands’ (IMB) “Buy” Rating Reaffirmed at Liberum Capital

Imperial Brands (LON:IMB)‘s stock had its “buy” rating restated by stock analysts at Liberum Capital in a research report issued to clients and investors on Tuesday.

IMB has been the subject of a number of other research reports. Jefferies Financial Group raised their price objective on Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the company a “buy” rating in a research note on Wednesday, October 17th. Deutsche Bank restated a “buy” rating and set a GBX 3,400 ($44.43) price objective on shares of Imperial Brands in a research note on Tuesday, October 9th. Citigroup lowered their price objective on Imperial Brands from GBX 2,900 ($37.89) to GBX 2,700 ($35.28) and set a “neutral” rating for the company in a research note on Thursday, September 27th. Credit Suisse Group restated an “outperform” rating on shares of Imperial Brands in a research note on Thursday, August 23rd. Finally, Royal Bank of Canada set a GBX 2,400 ($31.36) price objective on Imperial Brands and gave the company a “sell” rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Imperial Brands currently has a consensus rating of “Hold” and a consensus price target of GBX 3,204.33 ($41.87).

Shares of LON IMB opened at GBX 2,689.50 ($35.14) on Tuesday. Imperial Brands has a fifty-two week low of GBX 2,447 ($31.97) and a fifty-two week high of GBX 3,956.50 ($51.70).

In other news, insider Oliver Tant bought 5,386 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was bought at an average price of GBX 2,586 ($33.79) per share, for a total transaction of £139,281.96 ($181,996.55). Also, insider Simon Langelier bought 225 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was purchased at an average price of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42).

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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Analyst Recommendations for Imperial Brands (LON:IMB)

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