Goldman Sachs downgraded shares of Imperial Brands (LON:IMB) to a neutral rating in a report issued on Thursday, March 15th. They currently have GBX 2,760 ($38.74) price target on the stock, down from their prior price target of GBX 3,610 ($50.67).
A number of other research analysts have also recently commented on the company. Societe Generale set a GBX 4,500 ($63.17) price target on Imperial Brands and gave the stock a buy rating in a report on Thursday, February 8th. Citigroup reissued a neutral rating on shares of Imperial Brands in a report on Tuesday, January 16th. Deutsche Bank reissued a buy rating and issued a GBX 3,400 ($47.73) price target on shares of Imperial Brands in a report on Wednesday, February 14th. Investec reissued a buy rating and issued a GBX 4,360 ($61.20) price target on shares of Imperial Brands in a report on Monday, January 29th. Finally, UBS set a GBX 3,140 ($44.08) price objective on Imperial Brands and gave the stock a neutral rating in a report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 3,690.63 ($51.81).
LON IMB traded up GBX 25 ($0.35) during trading hours on Thursday, reaching GBX 2,554.50 ($35.86). The company’s stock had a trading volume of 2,059,797 shares, compared to its average volume of 2,680,000. 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 other news, insider Alison Cooper sold 26,821 shares of the company’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of GBX 2,385 ($33.48), for a total transaction of £639,680.85 ($897,923.71).
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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.
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