Royal Bank of Canada Reiterates “GBX 2,800” Price Target for Imperial Brands (IMB)

Royal Bank of Canada set a GBX 2,800 ($39.30) target price on Imperial Brands (LON:IMB) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.

Several other brokerages have also issued reports on IMB. Goldman Sachs lowered Imperial Brands to a neutral rating and decreased their target price for the company from GBX 3,610 ($50.67) to GBX 2,760 ($38.74) in a research report on Thursday, March 15th. Citigroup reaffirmed a neutral rating and set a GBX 2,850 ($40.01) target price on shares of Imperial Brands in a research report on Tuesday, February 13th. JPMorgan Chase reaffirmed a neutral rating and set a GBX 3,275 ($45.97) target price on shares of Imperial Brands in a research report on Thursday, January 18th. UBS set a GBX 3,140 ($44.08) target price on Imperial Brands and gave the company a neutral rating in a research report on Monday, January 22nd. Finally, Berenberg Bank reissued a buy rating and issued a GBX 3,765 ($52.85) price objective on shares of Imperial Brands in a report on Friday, March 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 3,690.63 ($51.81).

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Shares of Imperial Brands stock opened at GBX 2,554.50 ($35.86) on Wednesday. Imperial Brands has a 1 year low of GBX 2,447 ($34.35) and a 1 year high of GBX 3,956.50 ($55.54).

In related news, insider Alison Cooper sold 26,821 shares of Imperial Brands stock in a transaction dated Monday, March 26th. The stock was sold at an average price of GBX 2,385 ($33.48), for a total value of £639,680.85 ($897,923.71).

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About Imperial Brands

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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