Imperial Brands (LON:IMB) Price Target Raised to GBX 3,650 at Citigroup

Imperial Brands (LON:IMB) had its price objective hoisted by Citigroup from GBX 3,425 to GBX 3,650 in a research note released on Monday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently commented on IMB. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,600 price objective on shares of Imperial Brands in a report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imperial Brands in a research report on Friday, October 3rd. Panmure Gordon restated a “buy” rating and issued a GBX 4,200 price target on shares of Imperial Brands in a report on Wednesday, November 19th. Finally, Royal Bank Of Canada lifted their price objective on Imperial Brands from GBX 2,400 to GBX 2,700 and gave the stock a “sector perform” rating in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,537.50.

Imperial Brands Trading Down 1.9%

Shares of IMB stock opened at GBX 3,158 on Monday. The business’s fifty day moving average price is GBX 3,103.76 and its 200 day moving average price is GBX 2,999.76. Imperial Brands has a 1-year low of GBX 2,515 and a 1-year high of GBX 3,275.07. The firm has a market capitalization of £25.37 billion, a PE ratio of 10.54, a P/E/G ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41.

Imperial Brands (LON:IMB) last released its earnings results on Tuesday, November 18th. The company reported GBX 315 EPS for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. As a group, sell-side analysts forecast that Imperial Brands will post 246.5723613 EPS for the current fiscal year.

Insider Transactions at Imperial Brands

In related news, insider Alan Johnson bought 600 shares of the stock in a transaction on Thursday, September 18th. The shares were purchased 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