Barclays Cuts Imperial Brands (IMB) Price Target to GBX 3,000

Imperial Brands (LON:IMB) had its price target dropped by equities researchers at Barclays from GBX 3,350 ($43.77) to GBX 3,000 ($39.20) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 45.02% from the stock’s current price.

IMB has been the subject of a number of other research reports. UBS Group reaffirmed a “neutral” rating on shares of Imperial Brands in a research note on Thursday, March 28th. Credit Suisse Group set a GBX 3,350 ($43.77) target price on Imperial Brands and gave the company a “buy” rating in a research report on Monday, February 11th. Deutsche Bank reiterated a “buy” rating on shares of Imperial Brands in a research report on Thursday, March 14th. Liberum Capital reiterated a “buy” rating on shares of Imperial Brands in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,900 ($37.89) target price on shares of Imperial Brands in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 3,029.29 ($39.58).

IMB stock opened at GBX 2,068.72 ($27.03) on Thursday. The stock has a market capitalization of $19.62 billion and a P/E ratio of 12.73. Imperial Brands has a 52 week low of GBX 2,155.50 ($28.17) and a 52 week high of GBX 3,009 ($39.32). The company has a debt-to-equity ratio of 241.51, a current ratio of 0.68 and a quick ratio of 0.32.

In other news, insider Matthew Phillips sold 4,235 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of GBX 2,640 ($34.50), for a total transaction 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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Analyst Recommendations for Imperial Brands (LON:IMB)

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