Imperial Brands (LON:IMB) had its price target dropped by stock analysts at JPMorgan Chase from GBX 3,275 ($46.89) to GBX 2,700 ($38.66) in a note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase’s price objective indicates a potential upside of 12.10% from the company’s current price.
IMB has been the subject of a number of other reports. Goldman Sachs set a GBX 3,670 ($52.55) price objective on Imperial Brands and gave the stock a “buy” rating in a research report on Monday, January 22nd. Deutsche Bank restated a “buy” rating and set a GBX 3,400 ($48.68) price objective on shares of Imperial Brands in a research report on Wednesday, February 14th. Royal Bank of Canada set a GBX 2,800 ($40.09) price objective on Imperial Brands and gave the stock a “buy” rating in a research report on Wednesday, April 4th. Societe Generale set a GBX 4,500 ($64.43) price objective on Imperial Brands and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Investec restated a “buy” rating and set a GBX 4,360 ($62.43) price objective on shares of Imperial Brands in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 3,654.69 ($52.33).
Imperial Brands stock traded down GBX 31.50 ($0.45) during trading hours on Tuesday, hitting GBX 2,408.50 ($34.49). The stock had a trading volume of 1,934,231 shares, compared to its average volume of 2,680,000. Imperial Brands has a one year low of GBX 2,447 ($35.04) and a one year high of GBX 3,956.50 ($56.65).
In other Imperial Brands news, insider Alison Cooper sold 26,821 shares of Imperial Brands stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of GBX 2,385 ($34.15), for a total value of £639,680.85 ($915,923.32).
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Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.
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