Royal Bank Of Canada Lowers Imperial Brands PLC (IMT) Price Target to GBX 3,500
Imperial Brands PLC (LON:IMT) had its price target dropped by equities researchers at Royal Bank Of Canada from GBX 3,600 ($47.75) to GBX 3,500 ($46.43) in a research report issued on Tuesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential downside of 4.84% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. Jefferies Group LLC set a GBX 3,600 ($47.75) target price on shares of Imperial Brands PLC and gave the company a “buy” rating in a research report on Monday. Citigroup Inc. set a GBX 3,400 ($45.10) target price on shares of Imperial Brands PLC and gave the company a “neutral” rating in a research report on Friday, September 29th. J P Morgan Chase & Co decreased their target price on shares of Imperial Brands PLC from GBX 3,770 ($50.01) to GBX 3,230 ($42.84) and set a “neutral” rating for the company in a research report on Friday, September 29th. Deutsche Bank AG reissued a “buy” rating and set a GBX 4,100 ($54.38) target price on shares of Imperial Brands PLC in a research report on Friday, September 29th. Finally, Whitman Howard reissued a “buy” rating and set a GBX 5,100 ($67.65) target price on shares of Imperial Brands PLC in a research report on Thursday, September 28th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 4,070 ($53.99).
Imperial Brands PLC (IMT) opened at 3678.00 on Tuesday. Imperial Brands PLC has a one year low of GBX 3,324.00 and a one year high of GBX 4,154.00. The company’s 50-day moving average is GBX 3,654.35 and its 200-day moving average is GBX 3,758.37.
About Imperial Brands PLC
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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