JPMorgan Chase & Co. set a GBX 2,900 ($37.78) price objective on Imperial Brands (LON:IMB) in a research report sent to investors on Friday. The brokerage currently has a neutral rating on the stock.
IMB has been the subject of several other reports. Royal Bank of Canada cut shares of Imperial Brands to a sector performer rating and decreased their price target for the stock from GBX 3,400 ($44.29) to GBX 2,800 ($36.47) in a research note on Friday, May 25th. Societe Generale decreased their price target on shares of Imperial Brands from GBX 4,500 ($58.62) to GBX 3,200 ($41.68) and set a buy rating for the company in a research note on Thursday, June 7th. Barclays reaffirmed an overweight rating and set a GBX 3,350 ($43.64) price target on shares of Imperial Brands in a research note on Tuesday, June 12th. Liberum Capital started coverage on shares of Imperial Brands in a research note on Wednesday, June 20th. They set a buy rating and a GBX 3,100 ($40.38) price target for the company. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 3,450 ($44.94) price target on shares of Imperial Brands in a research note on Wednesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 3,445.29 ($44.88).
LON IMB opened at GBX 2,625.50 ($34.20) on Friday. Imperial Brands has a 52-week low of GBX 2,447 ($31.87) and a 52-week high of GBX 3,956.50 ($51.54).
In related news, insider Simon Langelier acquired 225 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was bought at an average price of GBX 2,644 ($34.44) per share, with a total value of £5,949 ($7,749.12).
About Imperial Brands
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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