A number of other analysts also recently issued reports on the stock. Deutsche Bank AG reaffirmed a buy rating on shares of Imperial Brands PLC in a report on Monday, July 31st. Berenberg Bank reaffirmed a buy rating and set a GBX 4,200 ($54.24) price target on shares of Imperial Brands PLC in a report on Tuesday, May 23rd. Jefferies Group LLC dropped their price target on shares of Imperial Brands PLC from GBX 4,400 ($56.83) to GBX 4,300 ($55.53) and set a buy rating on the stock in a report on Monday, May 22nd. J P Morgan Chase & Co raised their price target on shares of Imperial Brands PLC from GBX 3,640 ($47.01) to GBX 3,770 ($48.69) and gave the company a neutral rating in a report on Thursday, June 22nd. Finally, Citigroup Inc. reaffirmed a neutral rating and set a GBX 3,800 ($49.08) price target on shares of Imperial Brands PLC in a report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Imperial Brands PLC currently has an average rating of Buy and an average target price of GBX 4,164.17 ($53.78).
Shares of Imperial Brands PLC (LON:IMB) traded up 2.05% during mid-day trading on Friday, reaching GBX 3327.50. 4,317,572 shares of the company’s stock traded hands. Imperial Brands PLC has a 12-month low of GBX 3,112.50 and a 12-month high of GBX 4,128.50. The firm’s 50 day moving average price is GBX 3,242.66 and its 200-day moving average price is GBX 3,574.60. The stock’s market cap is GBX 31.75 billion.
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In other Imperial Brands PLC news, insider Simon Langelier acquired 24,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were bought at an average price of GBX 3,447 ($44.52) per share, with a total value of £830,727 ($1,072,874.85).
About Imperial Brands PLC
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.
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