Royal Bank Of Canada Lowers Imperial Brands PLC (IMB) Price Target to GBX 3,500
Imperial Brands PLC (LON:IMB) had its price objective cut by equities researchers at Royal Bank Of Canada from GBX 3,600 ($47.33) to GBX 3,500 ($46.02) in a report released on Tuesday, October 3rd. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 11.31% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 3,800 ($49.96) price objective on shares of Imperial Brands PLC in a research report on Wednesday, June 28th. Berenberg Bank lowered their price target on Imperial Brands PLC from GBX 4,200 ($55.22) to GBX 4,050 ($53.25) and set a “buy” rating on the stock in a report on Friday, June 30th. Jefferies Group LLC lowered their price target on Imperial Brands PLC from GBX 4,200 ($55.22) to GBX 4,100 ($53.90) and set a “buy” rating on the stock in a report on Wednesday, September 6th. Deutsche Bank AG restated a “buy” rating and issued a GBX 4,100 ($53.90) price objective on shares of Imperial Brands PLC in a research note on Friday, September 29th. Finally, Whitman Howard restated a “buy” rating and issued a GBX 5,100 ($67.05) price objective on shares of Imperial Brands PLC in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Imperial Brands PLC presently has an average rating of “Buy” and an average price target of GBX 4,035.83 ($53.06).
Imperial Brands PLC (LON IMB) traded down 0.65% during midday trading on Tuesday, reaching GBX 3144.50. 1,538,595 shares of the company’s stock traded hands. The firm’s 50 day moving average price is GBX 3,221.88 and its 200-day moving average price is GBX 3,484.93. The company’s market capitalization is GBX 30.01 billion. Imperial Brands PLC has a 1-year low of GBX 3,112.50 and a 1-year high of GBX 4,007.00.
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In related news, insider Simon Langelier bought 24,100 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was bought at an average cost of GBX 3,447 ($45.32) per share, for a total transaction of £830,727 ($1,092,199.58).
Imperial Brands PLC 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.
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