Imperial Brands (LON:IMB)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 3,400 ($44.43) price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 24.95% from the company’s current price.
A number of other brokerages also recently commented on IMB. Credit Suisse Group reiterated an “outperform” rating on shares of Imperial Brands in a research report on Thursday, August 23rd. JPMorgan Chase & Co. set a GBX 2,900 ($37.89) price objective on Imperial Brands and gave the company a “neutral” rating in a research report on Tuesday, July 17th. Royal Bank of Canada downgraded Imperial Brands to an “underperform” rating and cut their price objective for the company from GBX 2,800 ($36.59) to GBX 2,400 ($31.36) in a research report on Monday, September 3rd. Goldman Sachs Group set a GBX 2,920 ($38.15) price objective on Imperial Brands and gave the company a “neutral” rating in a research report on Tuesday, September 4th. Finally, Barclays reiterated an “overweight” rating on shares of Imperial Brands in a research report on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Imperial Brands has an average rating of “Hold” and a consensus target price of GBX 3,204.33 ($41.87).
Shares of LON:IMB opened at GBX 2,721 ($35.55) 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).
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.
Read More: Bear Market – How and Why They Occur
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.