Deutsche Bank restated their buy rating on shares of Imperial Brands (LON:IMB) in a report released on Wednesday morning, Digital Look reports. They currently have a GBX 3,400 ($44.43) price objective on the stock.
IMB has been the subject of several other research reports. UBS Group restated a neutral rating on shares of Imperial Brands in a research report on Thursday, March 28th. Credit Suisse Group set a GBX 3,350 ($43.77) price objective on shares of Imperial Brands and gave the stock a buy rating in a research report on Monday, January 14th. Liberum Capital restated a buy rating on shares of Imperial Brands in a research report on Wednesday, January 23rd. Citigroup upgraded shares of Imperial Brands to a buy rating and upped their price target for the company from GBX 2,700 ($35.28) to GBX 3,000 ($39.20) in a research report on Thursday, March 28th. Finally, Jefferies Financial Group reiterated a buy rating on shares of Imperial Brands in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 3,082.86 ($40.28).
Shares of LON:IMB traded down GBX 8 ($0.10) during trading on Wednesday, hitting GBX 2,350.50 ($30.71). 2,141,296 shares of the company were exchanged, compared to its average volume of 2,680,000. The company has a market capitalization of $22.49 billion and a PE ratio of 16.41. The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 186.11. Imperial Brands has a 12-month low of GBX 2,239.50 ($29.26) and a 12-month high of GBX 3,009 ($39.32).
In related news, insider Matthew Phillips sold 4,235 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of GBX 2,640 ($34.50), for a total value of £111,804 ($146,091.73).
About Imperial Brands
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.
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