Imperial Brands PLC (LON:IMB) Price Target Cut to GBX 3,600
Imperial Brands PLC (LON:IMB) had its price target decreased by stock analysts at Jefferies Group LLC from GBX 4,100 ($53.90) to GBX 3,600 ($47.33) in a research report issued on Monday, October 2nd. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 14.49% from the stock’s previous close.
IMB has been the subject of several other research reports. Deutsche Bank AG reissued a “buy” rating and issued a GBX 4,100 ($53.90) price target on shares of Imperial Brands PLC in a report on Thursday, June 22nd. J P Morgan Chase & Co raised their price target on Imperial Brands PLC from GBX 3,640 ($47.86) to GBX 3,770 ($49.57) and gave the stock a “neutral” rating in a report on Thursday, June 22nd. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 3,800 ($49.96) target price on shares of Imperial Brands PLC in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) lifted their target price on Imperial Brands PLC from GBX 4,070 ($53.51) to GBX 4,100 ($53.90) and gave the stock a “buy” rating in a report on Thursday, June 29th. Finally, Berenberg Bank decreased their price target on Imperial Brands PLC from GBX 4,200 ($55.22) to GBX 4,050 ($53.25) and set a “buy” rating for the company in a report on Friday, June 30th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 4,035.83 ($53.06).
Imperial Brands PLC (LON:IMB) traded down 0.65% during trading on Monday, reaching GBX 3144.50. 1,538,595 shares of the company’s stock traded hands. Imperial Brands PLC has a one year low of GBX 3,112.50 and a one year high of GBX 4,007.00. The company has a 50 day moving average of GBX 3,221.88 and a 200 day moving average of GBX 3,484.93. The firm’s market cap is GBX 30.01 billion.
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In other Imperial Brands PLC news, insider Simon Langelier purchased 24,100 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were acquired at an average price of GBX 3,447 ($45.32) per share, with a total value of £830,727 ($1,092,199.58).
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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