Imperial Brands (IMB) Given “Buy” Rating at Deutsche Bank
Deutsche Bank reaffirmed their buy rating on shares of Imperial Brands (LON:IMB) in a research report sent to investors on Wednesday morning. They currently have a GBX 3,400 ($44.43) target price on the stock.
Other equities analysts also recently issued research reports about the stock. Liberum Capital reissued a buy rating on shares of Imperial Brands in a report on Tuesday, September 25th. Sanford C. Bernstein set a GBX 2,990 ($39.07) target price on shares of Imperial Brands and gave the stock a buy rating in a report on Tuesday, October 16th. Jefferies Financial Group boosted their target price on shares of Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the stock a buy rating in a report on Wednesday, October 17th. Citigroup lowered their target price on shares of Imperial Brands from GBX 2,900 ($37.89) to GBX 2,700 ($35.28) and set a neutral rating on the stock in a report on Thursday, September 27th. Finally, Goldman Sachs Group set a GBX 2,920 ($38.15) target price on shares of Imperial Brands and gave the stock a neutral rating in a report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 3,204.33 ($41.87).
Shares of IMB stock traded up GBX 31.50 ($0.41) during mid-day trading on Wednesday, hitting GBX 2,694 ($35.20). The company had a trading volume of 1,862,436 shares, compared to its average volume of 2,680,000. Imperial Brands has a 52-week low of GBX 2,447 ($31.97) and a 52-week high of GBX 3,956.50 ($51.70).
In other Imperial Brands news, insider Simon Langelier purchased 225 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were bought at an average price of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42). Also, insider Oliver Tant purchased 5,386 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were acquired at an average cost of GBX 2,586 ($33.79) per share, for a total transaction of £139,281.96 ($181,996.55).
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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