Goldman Sachs Group Analysts Give Imperial Brands (IMB) a GBX 3,740 Price Target
Imperial Brands (LON:IMB) has been given a GBX 3,740 ($49.86) price target by equities research analysts at Goldman Sachs Group in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 22.40% from the company’s previous close.
Several other equities analysts have also issued reports on IMB. Royal Bank Of Canada set a GBX 3,400 ($45.33) target price on shares of Imperial Brands and gave the company a “buy” rating in a report on Wednesday. Citigroup set a GBX 3,400 ($45.33) target price on shares of Imperial Brands and gave the company a “neutral” rating in a report on Friday, September 29th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 4,100 ($54.66) price target on shares of Imperial Brands in a research note on Friday, September 29th. Barclays reaffirmed an “overweight” rating and issued a GBX 4,300 ($57.33) price target on shares of Imperial Brands in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co decreased their price target on shares of Imperial Brands from GBX 3,770 ($50.26) to GBX 3,230 ($43.06) and set a “neutral” rating for the company in a research note on Friday, September 29th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 3,910.31 ($52.13).
Imperial Brands (LON IMB) opened at GBX 3,055.50 ($40.73) on Wednesday. Imperial Brands has a fifty-two week low of GBX 3,015.50 ($40.20) and a fifty-two week high of GBX 3,956.50 ($52.75).
In other Imperial Brands news, insider Simon Langelier purchased 31 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of GBX 3,258 ($43.43) per share, for a total transaction of £1,009.98 ($1,346.46).
WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/29/goldman-sachs-group-analysts-give-imperial-brands-imb-a-gbx-3740-price-target.html.
Imperial Brands 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.
Receive News & Stock Ratings for Imperial Brands PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands PLC and related stocks with our FREE daily email newsletter.