Panmure Gordon Reiterates Buy Rating for Imperial Brands (LON:IMB)

Imperial Brands (LON:IMB)‘s stock had its “buy” rating reissued by stock analysts at Panmure Gordon in a report released on Wednesday,Digital Look reports. They currently have a GBX 4,200 price objective on the stock. Panmure Gordon’s price target would suggest a potential upside of 29.67% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,600 target price on shares of Imperial Brands in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Imperial Brands in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 3,900.

Imperial Brands Stock Up 0.3%

Imperial Brands stock traded up GBX 10 during trading hours on Wednesday, hitting GBX 3,239. The stock had a trading volume of 284,136,063 shares, compared to its average volume of 6,267,018. The stock’s 50-day moving average price is GBX 3,099.86 and its 200-day moving average price is GBX 2,996.75. Imperial Brands has a 12-month low of GBX 2,478 and a 12-month high of GBX 3,268. The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91. The stock has a market capitalization of £26.02 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42.

Imperial Brands (LON:IMB) last issued its earnings results on Tuesday, November 18th. The company reported GBX 315 earnings per share (EPS) for the quarter. Imperial Brands had a net margin of 11.44% and a return on equity of 41.84%. Equities research analysts anticipate that Imperial Brands will post 246.5723613 EPS for the current fiscal year.

Insider Transactions at Imperial Brands

In related news, insider Alan Johnson purchased 600 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were bought at an average price of GBX 3,066 per share, for a total transaction of £18,396. Insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile