Imperial Brands’ (IMB) Neutral Rating Reaffirmed at Citigroup

Imperial Brands (LON:IMB)‘s stock had its “neutral” rating reissued by investment analysts at Citigroup in a note issued to investors on Tuesday. They presently have a GBX 2,850 ($39.38) price target on the stock. Citigroup’s target price points to a potential upside of 8.20% from the company’s current price.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 3,230 ($44.63) price objective on shares of Imperial Brands in a report on Friday, October 20th. UBS Group set a GBX 3,140 ($43.38) price objective on Imperial Brands and gave the stock a “neutral” rating in a report on Monday, January 22nd. Goldman Sachs Group set a GBX 3,740 ($51.67) price objective on Imperial Brands and gave the stock a “buy” rating in a report on Monday, December 11th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 3,400 ($46.97) price objective on shares of Imperial Brands in a report on Wednesday, November 29th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 3,600 ($49.74) price objective on shares of Imperial Brands in a report on Friday, November 17th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 3,824.12 ($52.83).

Imperial Brands (IMB) opened at GBX 2,634 ($36.39) on Tuesday. The stock has a market capitalization of $25,030.00 and a PE ratio of 1,791.84. Imperial Brands has a fifty-two week low of GBX 2,593.32 ($35.83) and a fifty-two week high of GBX 3,956.50 ($54.66).

In related news, insider Mark Williamson purchased 7,876 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of GBX 3,149 ($43.51) per share, for a total transaction of £248,015.24 ($342,657.14).

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Imperial Brands Company Profile

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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