Imperial Brands PLC’s (IMB) “Buy” Rating Reaffirmed at Whitman Howard

Whitman Howard reaffirmed their buy rating on shares of Imperial Brands PLC (LON:IMB) in a report released on Friday morning. They currently have a GBX 5,100 ($65.87) price objective on the stock.

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.

Analyst Recommendations for Imperial Brands PLC (LON:IMB)

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