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

Whitman Howard reiterated their buy rating on shares of Imperial Brands PLC (LON:IMB) in a research note issued to investors on Thursday. The firm currently has a GBX 5,100 ($63.66) price target on the stock.

A number of other brokerages have also recently commented on IMB. Credit Suisse Group AG upgraded Imperial Brands PLC to an outperform rating and boosted their price objective for the stock from GBX 3,800 ($47.43) to GBX 4,150 ($51.80) in a research note on Wednesday, March 1st. Barclays PLC restated an overweight rating and set a GBX 4,500 ($56.17) price objective on shares of Imperial Brands PLC in a research note on Thursday, January 12th. Goldman Sachs Group Inc restated a conviction-buy rating and set a GBX 4,130 ($51.55) price objective on shares of Imperial Brands PLC in a research note on Wednesday, January 11th. Jefferies Group LLC boosted their price objective on Imperial Brands PLC from GBX 4,300 ($53.68) to GBX 4,400 ($54.92) and gave the stock a buy rating in a research note on Monday, January 16th. Finally, Berenberg Bank restated a buy rating and set a GBX 3,543 ($44.23) price objective (down previously from GBX 4,280 ($53.43)) on shares of Imperial Brands PLC in a research note on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Imperial Brands PLC has a consensus rating of Buy and a consensus price target of GBX 4,174.08 ($52.10).

Shares of Imperial Brands PLC (LON:IMB) opened at 3882.50 on Thursday. The firm has a 50-day moving average price of GBX 3,838.01 and a 200 day moving average price of GBX 3,713.46. The stock’s market capitalization is GBX 37.09 billion. Imperial Brands PLC has a one year low of GBX 3,324.00 and a one year high of GBX 4,154.00.

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In related news, insider Alison Cooper sold 3,911 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of GBX 3,698 ($46.16), for a total value of £144,628.78 ($180,537.74).

Imperial Brands PLC Company Profile

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.

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