Imperial Brands’ (LON:IMB) “Buy” Rating Reiterated at Deutsche Bank

Imperial Brands (LON:IMB)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a research note issued to investors on Monday, March 19th, Marketbeat reports. They presently have a GBX 3,400 ($48.06) price target on the stock. Deutsche Bank’s price target would suggest a potential upside of 37.85% from the company’s current price.

Several other research analysts also recently weighed in on the company. Goldman Sachs restated a “conviction-buy” rating and issued a GBX 3,770 ($53.29) price target (up from GBX 3,770 ($53.29)) on shares of Imperial Brands in a research note on Friday, November 24th. Citigroup reaffirmed a “neutral” rating on shares of Imperial Brands in a report on Wednesday, November 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 3,400 ($48.06) price objective on shares of Imperial Brands in a report on Wednesday, November 29th. JPMorgan Chase restated a “neutral” rating on shares of Imperial Brands in a report on Tuesday, December 5th. Finally, Morgan Stanley set a GBX 3,400 ($48.06) price target on Imperial Brands and gave the company a “neutral” rating in a report on Monday, December 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 3,690.63 ($52.16).

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Shares of LON:IMB traded down GBX 22 ($0.31) during mid-day trading on Monday, reaching GBX 2,466.50 ($34.86). 1,480,492 shares of the company traded hands, compared to its average volume of 2,680,000. Imperial Brands has a 52 week low of GBX 2,447 ($34.59) and a 52 week high of GBX 3,956.50 ($55.92).

In other news, insider Alison Cooper sold 26,821 shares of the stock in a transaction on Monday, March 26th. The stock was sold at an average price of GBX 2,385 ($33.71), for a total transaction of £639,680.85 ($904,142.54).

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About Imperial Brands

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 (LON:IMB)

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