Imperial Brands PLC (IMB) Receives GBX 3,189.58 Average Target Price from Brokerages

Shares of Imperial Brands PLC (LON:IMB) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 3,189.62 ($41.68).

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the stock a “buy” rating in a report on Wednesday. Societe Generale set a GBX 3,200 ($41.81) price target on Imperial Brands and gave the stock a “buy” rating in a report on Tuesday, July 3rd. Liberum Capital restated a “buy” rating on shares of Imperial Brands in a report on Thursday, June 28th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Imperial Brands in a research note on Thursday, August 23rd. Finally, Goldman Sachs Group set a GBX 2,920 ($38.15) target price on Imperial Brands and gave the company a “neutral” rating in a research note on Thursday, September 20th.

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

Shares of IMB traded up GBX 24 ($0.31) on Friday, reaching GBX 2,565 ($33.52). The stock had a trading volume of 2,029,128 shares, compared to its average volume of 2,680,000. Imperial Brands has a twelve month low of GBX 2,447 ($31.97) and a twelve month high of GBX 3,956.50 ($51.70).

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.

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Analyst Recommendations for Imperial Brands (LON:IMB)

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