JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Imperial Brands (LON:IMB) in a research note issued to investors on Wednesday. They currently have a GBX 2,900 ($37.89) price target on the stock, up from their prior price target of GBX 2,700 ($35.28).
Several other analysts have also issued reports on IMB. Royal Bank of Canada cut their price target on shares of Imperial Brands from GBX 2,400 ($31.36) to GBX 2,300 ($30.05) and set an underperform rating for the company in a research report on Wednesday. UBS Group restated a neutral rating on shares of Imperial Brands in a research report on Tuesday, November 6th. Liberum Capital restated a buy rating on shares of Imperial Brands in a research report on Tuesday, November 6th. Sanford C. Bernstein set a GBX 2,990 ($39.07) price target on shares of Imperial Brands and gave the company a buy rating in a research report on Tuesday, October 16th. Finally, Goldman Sachs Group set a GBX 2,920 ($38.15) price target on shares of Imperial Brands and gave the company a neutral rating in a research report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 3,204.33 ($41.87).
Shares of LON:IMB opened at GBX 2,750 ($35.93) on Wednesday. Imperial Brands has a 52-week low of GBX 2,447 ($31.97) and a 52-week high of GBX 3,956.50 ($51.70).
In other news, insider Oliver Tant bought 5,386 shares of the company’s stock in a transaction dated Thursday, September 20th. The stock was bought at an average cost 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 company’s stock in a transaction dated Wednesday, September 12th. The shares were 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.
Featured Story: Ex-Dividend
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.