Imperial Brands PLC (IMT) Price Target Cut to GBX 4,000 by Analysts at Goldman Sachs Group, Inc. (The)
Imperial Brands PLC (LON:IMT) had its price target decreased by Goldman Sachs Group, Inc. (The) from GBX 4,370 ($57.64) to GBX 4,000 ($52.76) in a report issued on Thursday, StockTargetPrices.com reports. Goldman Sachs Group, Inc. (The) currently has a conviction-buy rating on the stock.
A number of other equities analysts have also recently weighed in on the stock. J P Morgan Chase & Co set a GBX 3,640 ($48.01) price objective on shares of Imperial Brands PLC and gave the company a neutral rating in a research report on Thursday, May 4th. Citigroup Inc. set a GBX 3,700 ($48.81) price objective on shares of Imperial Brands PLC and gave the company a neutral rating in a research report on Friday, April 28th. Deutsche Bank AG reissued a buy rating and issued a GBX 4,100 ($54.08) price objective on shares of Imperial Brands PLC in a research report on Thursday, June 22nd. Berenberg Bank reissued a buy rating and issued a GBX 4,200 ($55.40) price objective on shares of Imperial Brands PLC in a research report on Tuesday, May 23rd. Finally, Credit Suisse Group reissued an outperform rating and issued a GBX 4,150 ($54.74) price objective on shares of Imperial Brands PLC in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Imperial Brands PLC presently has an average rating of Buy and a consensus target price of GBX 4,215.71 ($55.61).
Shares of Imperial Brands PLC (LON:IMT) opened at 3678.00 on Thursday. Imperial Brands PLC has a 52-week low of GBX 3,324.00 and a 52-week high of GBX 4,154.00. The stock’s 50 day moving average price is GBX 3,654.35 and its 200-day moving average price is GBX 3,758.37.
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Imperial Brands PLC 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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