Goldman Sachs Downgrades Imperial Brands (IMB) to Neutral

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).

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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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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