Imperial Brands (LON:IMB) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Imperial Brands (LON:IMB) in a research report sent to investors on Thursday, January 18th. They currently have a GBX 3,275 ($45.25) target price on the stock.

IMB has been the subject of several other reports. Barclays reaffirmed an overweight rating and set a GBX 4,300 ($59.41) price objective on shares of Imperial Brands in a research report on Monday, September 25th. Beaufort Securities reaffirmed a long term buy rating and set a GBX 3,450 ($47.67) price objective on shares of Imperial Brands in a research report on Tuesday, November 7th. S&P Global set a GBX 4,200 ($58.03) price objective on Imperial Brands and gave the stock a buy rating in a research report on Friday, October 13th. Berenberg Bank reduced their price objective on Imperial Brands from GBX 3,780 ($52.22) to GBX 3,765 ($52.02) and set a buy rating for the company in a research report on Wednesday, December 13th. Finally, Goldman Sachs Group reiterated a conviction-buy rating and set a GBX 4,000 ($55.26) target price on shares of Imperial Brands in a report on Thursday, September 21st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 3,824.12 ($52.83).

Imperial Brands (LON:IMB) opened at GBX 2,661.50 ($36.77) on Thursday. The stock has a market capitalization of $25,380.00 and a PE ratio of 1,810.54. Imperial Brands has a 52 week low of GBX 2,593.32 ($35.83) and a 52 week high of GBX 3,956.50 ($54.66).

In related news, insider Mark Williamson purchased 7,876 shares of Imperial Brands stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of GBX 3,149 ($43.51) per share, with a total value of £248,015.24 ($342,657.14).

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Imperial Brands Company Profile

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.

Analyst Recommendations for Imperial Brands (LON:IMB)

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