Several other analysts have also recently issued reports on IMB. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 2,900 ($37.89) price target (up from GBX 2,700 ($35.28)) on shares of Imperial Brands in a report on Wednesday. Royal Bank of Canada cut their price target on shares of Imperial Brands from GBX 2,400 ($31.36) to GBX 2,300 ($30.05) and set an underperform rating on the stock in a report on Wednesday. UBS Group reaffirmed a neutral rating on shares of Imperial Brands in a report on Tuesday. Liberum Capital reaffirmed a buy rating on shares of Imperial Brands in a report on Tuesday. Finally, Sanford C. Bernstein set a GBX 2,990 ($39.07) price target on shares of Imperial Brands and gave the company a buy rating in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 3,204.33 ($41.87).
IMB traded up GBX 56 ($0.73) during trading on Wednesday, hitting GBX 2,750 ($35.93). The company had a trading volume of 3,996,681 shares, compared to its average volume of 2,680,000. Imperial Brands has a 1-year low of GBX 2,447 ($31.97) and a 1-year high of GBX 3,956.50 ($51.70).
In other Imperial Brands news, insider Simon Langelier bought 225 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were bought 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 bought 5,386 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were acquired at an average cost of GBX 2,586 ($33.79) per share, for a total transaction 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.
Featured Story: Terms to Better Understand Call Options
Receive News & Ratings for Imperial Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands and related companies with MarketBeat.com's FREE daily email newsletter.