Imperial Brands (LON:IMB)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a report released on Tuesday. They currently have a GBX 3,400 ($44.43) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 26.37% from the company’s previous close.
Several other equities analysts have also recently weighed in on the company. Liberum Capital reissued a “buy” rating on shares of Imperial Brands in a research report on Wednesday, October 3rd. Citigroup cut their price objective on Imperial Brands from GBX 2,900 ($37.89) to GBX 2,700 ($35.28) and set a “neutral” rating for the company in a research report on Thursday, September 27th. Barclays reissued an “overweight” rating on shares of Imperial Brands in a research report on Wednesday, September 26th. Goldman Sachs Group set a GBX 2,920 ($38.15) price objective on Imperial Brands and gave the stock a “neutral” rating in a research report on Thursday, September 20th. Finally, Morgan Stanley assumed coverage on Imperial Brands in a research report on Tuesday, September 18th. They set an “underweight” rating and a GBX 2,755 ($36.00) price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 3,289.06 ($42.98).
IMB opened at GBX 2,690.50 ($35.16) on Tuesday. Imperial Brands has a 52-week low of GBX 2,447 ($31.97) and a 52-week high of GBX 3,956.50 ($51.70).
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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