Barclays reiterated their overweight rating on shares of Imperial Brands (LON:IMB) in a research report sent to investors on Wednesday. The firm currently has a GBX 3,350 ($43.77) price target on the stock.
A number of other research analysts have also issued reports on the stock. Royal Bank of Canada lowered shares of Imperial Brands to an underperform rating and reduced their target price for the company from GBX 2,800 ($36.59) to GBX 2,400 ($31.36) in a report on Monday, September 3rd. Credit Suisse Group restated an outperform rating on shares of Imperial Brands in a report on Thursday, August 23rd. Deutsche Bank restated a buy rating and issued a GBX 3,400 ($44.43) target price on shares of Imperial Brands in a report on Tuesday, October 9th. Goldman Sachs Group set a GBX 2,920 ($38.15) target price on shares of Imperial Brands and gave the company a neutral rating in a report on Tuesday, September 4th. Finally, Citigroup reduced their target price on shares of Imperial Brands from GBX 2,900 ($37.89) to GBX 2,700 ($35.28) and set a neutral rating on the stock in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Imperial Brands presently has a consensus rating of Hold and a consensus target price of GBX 3,204.33 ($41.87).
LON:IMB opened at GBX 2,750 ($35.93) on Wednesday. Imperial Brands has a 12-month low of GBX 2,447 ($31.97) and a 12-month high of GBX 3,956.50 ($51.70).
In related news, insider Simon Langelier acquired 225 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was bought at an average price of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42). Also, insider Oliver Tant acquired 5,386 shares of the company’s stock in a transaction dated 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).
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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