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.
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