Brokerages Set Imperial Brands PLC (LON:IMB) Target Price at GBX 3,550

Imperial Brands PLC (LON:IMB) has been given an average rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 3,530.

A number of research firms have commented on IMB. Citigroup decreased their price target on Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,500 price target on shares of Imperial Brands in a research note on Wednesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,700 price objective on shares of Imperial Brands in a research report on Wednesday.

Imperial Brands Stock Down 0.6%

LON:IMB opened at GBX 2,776.67 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.74 and a debt-to-equity ratio of 207.21. The stock’s fifty day moving average is GBX 3,144.11 and its two-hundred day moving average is GBX 3,128.78. Imperial Brands has a 52 week low of GBX 2,648 and a 52 week high of GBX 3,341. The stock has a market capitalization of £21.61 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 16.51 and a beta of 0.23.

Insider Transactions at Imperial Brands

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

About Imperial Brands