Imperial Brands (LON:IMB) had its target price trimmed by Royal Bank of Canada from GBX 2,400 ($31.36) to GBX 2,300 ($30.05) in a research note published on Wednesday morning. The firm currently has an underperform rating on the stock.
Other analysts have also issued research reports about the company. Liberum Capital restated a buy rating on shares of Imperial Brands in a research note on Wednesday, October 3rd. Credit Suisse Group restated an outperform rating on shares of Imperial Brands in a research note on Thursday, August 23rd. 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 note on Thursday, September 20th. Barclays restated an overweight rating on shares of Imperial Brands in a research note on Wednesday, September 26th. Finally, Deutsche Bank restated a buy rating and issued a GBX 3,400 ($44.43) price objective on shares of Imperial Brands in a research note on Tuesday, October 9th. 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 company. The stock currently has an average rating of Hold and an average price target 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 other news, insider Simon Langelier bought 225 shares of the stock in a transaction dated Wednesday, September 12th. The shares were bought at an average price of GBX 2,644 ($34.55) per share, for a total transaction of £5,949 ($7,773.42). Also, insider Oliver Tant bought 5,386 shares of the stock in a transaction dated Thursday, September 20th. The shares were purchased at an average price of GBX 2,586 ($33.79) per share, for a total transaction 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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