Royal Bank Of Canada upgraded shares of Imperial Brands PLC (LON:IMT) to an outperform rating in a research note released on Monday morning. The brokerage currently has GBX 3,600 ($46.74) target price on the stock, up from their previous target price of GBX 3,500 ($45.44).
A number of other research analysts have also weighed in on IMT. UBS AG set a GBX 4,100 ($53.23) price objective on Imperial Brands PLC and gave the company a buy rating in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reduced their price objective on Imperial Brands PLC from GBX 4,370 ($56.73) to GBX 4,000 ($51.93) and set a conviction-buy rating for the company in a research report on Thursday, August 3rd. Citigroup Inc. set a GBX 3,800 ($49.33) price objective on Imperial Brands PLC and gave the company a neutral rating in a research report on Thursday, August 3rd. Whitman Howard reaffirmed a buy rating and set a GBX 5,100 ($66.21) price objective on shares of Imperial Brands PLC in a research report on Monday, July 31st. Finally, Berenberg Bank set a GBX 4,200 ($54.52) target price on Imperial Brands PLC and gave the company a buy rating in a research note on Friday, May 5th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 4,194.29 ($54.45).
Imperial Brands PLC (LON:IMT) opened at 3678.00 on Monday. Imperial Brands PLC has a 52-week low of GBX 3,324.00 and a 52-week high of GBX 4,154.00. The firm’s 50-day moving average price is GBX 3,654.35 and its 200-day moving average price is GBX 3,758.37.
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About Imperial Brands PLC
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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