Imperial Brands (LON:IMB) had its price target reduced by JPMorgan Chase from GBX 3,275 ($46.89) to GBX 2,700 ($38.66) in a research note published on Tuesday morning. JPMorgan Chase currently has a neutral rating on the stock.
Other research analysts have also recently issued reports about the company. Berenberg Bank reissued a buy rating and set a GBX 3,765 ($53.91) price objective on shares of Imperial Brands in a report on Friday, March 16th. Deutsche Bank reissued a buy rating and set a GBX 3,400 ($48.68) price objective on shares of Imperial Brands in a report on Wednesday, February 14th. Royal Bank of Canada set a GBX 3,200 ($45.82) price objective on Imperial Brands and gave the company a buy rating in a report on Monday, February 12th. Goldman Sachs set a GBX 3,610 ($51.69) price objective on Imperial Brands and gave the company a buy rating in a report on Friday, February 16th. Finally, Citigroup reaffirmed a neutral rating on shares of Imperial Brands in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Imperial Brands presently has a consensus rating of Buy and an average target price of GBX 3,654.69 ($52.33).
Shares of LON IMB opened at GBX 2,437 ($34.89) on Tuesday. Imperial Brands has a 52-week low of GBX 2,447 ($35.04) and a 52-week high of GBX 3,956.50 ($56.65).
In other Imperial Brands news, insider Alison Cooper sold 26,821 shares of the business’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of GBX 2,385 ($34.15), for a total transaction of £639,680.85 ($915,923.32).
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About Imperial Brands
Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.
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