JPMorgan Chase & Co. restated their neutral rating on shares of Imperial Brands (LON:IMB) in a research report sent to investors on Wednesday morning. JPMorgan Chase & Co. currently has a GBX 2,900 ($37.89) price target on the stock, up from their previous price target of GBX 2,700 ($35.28).
IMB has been the subject of several other research reports. Jefferies Financial Group lifted 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. Deutsche Bank reiterated a buy rating and issued a GBX 3,400 ($44.43) target price on shares of Imperial Brands in a research report on Tuesday, October 9th. Citigroup decreased their target price 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. Credit Suisse Group reiterated an outperform rating on shares of Imperial Brands in a research report on Thursday, August 23rd. Finally, UBS Group reiterated a neutral rating on shares of Imperial Brands in a research report on Tuesday. 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’s stock. Imperial Brands currently has an average rating of Hold and a consensus target price of GBX 3,204.33 ($41.87).
Shares of IMB traded up GBX 31.50 ($0.41) during mid-day trading on Wednesday, hitting GBX 2,694 ($35.20). The stock had a trading volume of 1,862,436 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 related news, insider Simon Langelier acquired 225 shares of Imperial Brands stock in a transaction that occurred on Wednesday, September 12th. The stock was acquired at an average price of GBX 2,644 ($34.55) per share, for a total transaction of £5,949 ($7,773.42). Also, insider Oliver Tant acquired 5,386 shares of Imperial Brands stock in a transaction that occurred on Thursday, September 20th. The shares were bought at an average price of GBX 2,586 ($33.79) per share, with a total value of £139,281.96 ($181,996.55).
Imperial Brands Company Profile
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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