Goldman Sachs Group, Inc. (The) Trims Imperial Brands PLC (LON:IMB) Target Price to GBX 3,900

Imperial Brands PLC (LON:IMB) had its price target trimmed by Goldman Sachs Group, Inc. (The) from GBX 4,000 ($52.61) to GBX 3,900 ($51.30) in a research note published on Tuesday, October 17th. The brokerage currently has a conviction-buy rating on the stock.

Several other equities analysts also recently commented on IMB. Deutsche Bank AG reaffirmed a buy rating and set a GBX 4,100 ($53.93) price objective on shares of Imperial Brands PLC in a research note on Thursday, June 22nd. J P Morgan Chase & Co upped their price objective on shares of Imperial Brands PLC from GBX 3,640 ($47.88) to GBX 3,770 ($49.59) and gave the company a neutral rating in a research note on Thursday, June 22nd. Citigroup Inc. reaffirmed a neutral rating and set a GBX 3,800 ($49.98) price objective on shares of Imperial Brands PLC in a research note on Wednesday, June 28th. Berenberg Bank decreased their price target on shares of Imperial Brands PLC from GBX 4,200 ($55.24) to GBX 4,050 ($53.27) and set a buy rating for the company in a research note on Friday, June 30th. Finally, Whitman Howard reissued a buy rating and issued a GBX 5,100 ($67.08) price target on shares of Imperial Brands PLC in a research note on Thursday, July 20th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Imperial Brands PLC has a consensus rating of Buy and a consensus price target of GBX 4,027.50 ($52.97).

Imperial Brands PLC (LON IMB) traded up GBX 47 ($0.62) during trading hours on Tuesday, reaching GBX 3,085 ($40.58). The company’s stock had a trading volume of 2,305,392 shares, compared to its average volume of 1,970,000. Imperial Brands PLC has a 12-month low of GBX 3,019 ($39.71) and a 12-month high of GBX 3,956.50 ($52.04).

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In other Imperial Brands PLC news, insider Simon Langelier bought 31 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was acquired at an average price of GBX 3,258 ($42.85) per share, with a total value of £1,009.98 ($1,328.40).

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.

Analyst Recommendations for Imperial Brands PLC (LON:IMB)

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