Imperial Brands (IMB) Price Target Raised to GBX 3,800 at Jefferies Financial Group

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Imperial Brands (LON:IMB) had its price target boosted by Jefferies Financial Group from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) in a research report sent to investors on Wednesday. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Sanford C. Bernstein set a GBX 2,990 ($39.07) target price on Imperial Brands and gave the stock a buy rating in a research report on Tuesday. Royal Bank of Canada set a GBX 2,400 ($31.36) target price on Imperial Brands and gave the stock a sell rating in a research report on Monday. Barclays restated an overweight rating on shares of Imperial Brands in a research report on Friday, October 12th. Deutsche Bank restated a buy rating and set a GBX 3,400 ($44.43) target price on shares of Imperial Brands in a research report on Tuesday, October 9th. Finally, Liberum Capital restated a buy rating on shares of Imperial Brands in a research report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 3,225.94 ($42.15).

IMB stock opened at GBX 2,573 ($33.62) on Wednesday. Imperial Brands has a twelve month low of GBX 2,447 ($31.97) and a twelve month high of GBX 3,956.50 ($51.70).

In related news, insider Simon Langelier acquired 225 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was acquired at an average cost of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42). Also, insider Oliver Tant acquired 5,386 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were bought at an average cost of GBX 2,586 ($33.79) per share, with a total value of £139,281.96 ($181,996.55).

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.

Read More: Earnings Per Share (EPS) Explained

Analyst Recommendations for Imperial Brands (LON:IMB)

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