Imperial Brands PLC (IMB) Stock Rating Reaffirmed by Credit Suisse Group
Imperial Brands PLC (LON:IMB)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group in a research note issued to investors on Monday. They currently have a GBX 4,150 ($53.60) price objective on the stock. Credit Suisse Group’s price target indicates a potential upside of 24.91% from the stock’s previous close.
A number of other research firms also recently weighed in on IMB. Goldman Sachs Group, Inc. (The) raised their price target on Imperial Brands PLC from GBX 4,070 ($52.56) to GBX 4,100 ($52.95) and gave the stock a “buy” rating in a research note on Thursday, June 29th. J P Morgan Chase & Co raised their price target on Imperial Brands PLC from GBX 3,640 ($47.01) to GBX 3,770 ($48.69) and gave the stock a “neutral” rating in a research note on Thursday, June 22nd. Whitman Howard reaffirmed a “buy” rating and set a GBX 5,100 ($65.87) price target on shares of Imperial Brands PLC in a research note on Monday, July 31st. Royal Bank Of Canada raised Imperial Brands PLC to an “outperform” rating and raised their price target for the stock from GBX 3,500 ($45.20) to GBX 3,600 ($46.49) in a research note on Monday, August 21st. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Imperial Brands PLC in a research note on Monday, July 31st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Imperial Brands PLC has a consensus rating of “Buy” and an average price target of GBX 4,164.17 ($53.78).
Shares of Imperial Brands PLC (LON IMB) opened at 3322.50 on Monday. The stock’s market cap is GBX 31.71 billion. Imperial Brands PLC has a one year low of GBX 3,112.50 and a one year high of GBX 4,128.50. The stock’s 50 day moving average price is GBX 3,254.07 and its 200-day moving average price is GBX 3,582.20.
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In other Imperial Brands PLC news, insider Simon Langelier bought 24,100 shares of the stock in a transaction on Wednesday, July 19th. The shares were purchased at an average price of GBX 3,447 ($44.52) per share, with a total value of £830,727 ($1,072,874.85).
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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