Imperial Brands’ (IMB) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

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Imperial Brands (LON:IMB)‘s stock had its “neutral” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a GBX 2,900 ($37.89) price target on the stock, up from their prior price target of GBX 2,700 ($35.28). JPMorgan Chase & Co.’s price target suggests a potential upside of 8.92% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada dropped their target price on Imperial Brands from GBX 2,400 ($31.36) to GBX 2,300 ($30.05) and set an “underperform” rating on the stock in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating on shares of Imperial Brands in a research report on Tuesday. Liberum Capital reaffirmed a “buy” rating on shares of Imperial Brands in a research report on Tuesday. Jefferies Financial Group increased their target price on Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Finally, 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, October 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 3,219.69 ($42.07).

LON IMB traded up GBX 14.50 ($0.19) during trading hours on Wednesday, hitting GBX 2,662.50 ($34.79). The company had a trading volume of 1,863,708 shares, compared to its average volume of 2,680,000. Imperial Brands has a fifty-two week low of GBX 2,447 ($31.97) and a fifty-two week high of GBX 3,956.50 ($51.70).

In other Imperial Brands news, insider Oliver Tant purchased 5,386 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was bought at an average price of GBX 2,586 ($33.79) per share, with a total value of £139,281.96 ($181,996.55). Also, insider Simon Langelier purchased 225 shares of the firm’s stock in a transaction dated 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).

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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