Imperial Brands (IMB) Stock Rating Reaffirmed by Deutsche Bank

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).

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

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.

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Analyst Recommendations for Imperial Brands (LON:IMB)

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