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).
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.
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