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.

Analyst Recommendations for Imperial Brands PLC (LON:IMB)

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