Citigroup Lowers Imperial Brands (LON:IMB) Price Target to GBX 3,550

Imperial Brands (LON:IMBGet Free Report) had its price target decreased by stock analysts at Citigroup from GBX 3,650 to GBX 3,550 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 26.24% from the stock’s previous close.

IMB has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,500 target price on shares of Imperial Brands in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and set a GBX 3,700 target price on shares of Imperial Brands in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Imperial Brands has an average rating of “Moderate Buy” and an average price target of GBX 3,530.

Check Out Our Latest Research Report on IMB

Imperial Brands Stock Performance

Shares of IMB stock opened at GBX 2,812.08 on Wednesday. The company has a debt-to-equity ratio of 207.21, a quick ratio of 0.41 and a current ratio of 0.74. Imperial Brands has a fifty-two week low of GBX 2,648 and a fifty-two week high of GBX 3,341. The stock has a 50 day moving average price of GBX 3,154.42 and a two-hundred day moving average price of GBX 3,131.38. The company has a market capitalization of £21.89 billion, a P/E ratio of 11.28, a PEG ratio of 16.51 and a beta of 0.23.

Insider Activity at Imperial Brands

In related news, insider Murray McGowan sold 15,955 shares of the company’s stock in a transaction that occurred on Monday, February 16th. The stock was sold at an average price of GBX 3,230, for a total transaction of £515,346.50. Also, insider Alan Johnson acquired 645 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was purchased at an average price of GBX 3,097 per share, with a total value of £19,975.65. 0.46% of the stock is owned by corporate insiders.

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