Imperial Brands (IMB) Cut to Underperform at Royal Bank of Canada

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Royal Bank of Canada downgraded shares of Imperial Brands (LON:IMB) to an underperform rating in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has GBX 2,400 ($30.96) target price on the stock, down from their previous target price of GBX 2,800 ($36.12).

IMB has been the subject of a number of other research reports. Liberum Capital reaffirmed a buy rating on shares of Imperial Brands in a research report on Thursday, June 28th. Barclays reaffirmed an overweight rating and set a GBX 3,350 ($43.21) price target on shares of Imperial Brands in a research report on Tuesday, June 12th. Credit Suisse Group reaffirmed an outperform rating on shares of Imperial Brands in a research report on Thursday, August 23rd. JPMorgan Chase & Co. set a GBX 2,900 ($37.41) price target on Imperial Brands and gave the stock a neutral rating in a research report on Tuesday, July 17th. Finally, Societe Generale set a GBX 3,200 ($41.28) price target on Imperial Brands and gave the stock a buy rating in a research report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 3,445.29 ($44.44).

LON:IMB opened at GBX 2,692.50 ($34.73) on Monday. Imperial Brands has a twelve month low of GBX 2,447 ($31.57) and a twelve month high of GBX 3,956.50 ($51.04).

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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Analyst Recommendations for Imperial Brands (LON:IMB)

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