Deutsche Bank Analysts Give Imperial Brands (LON:IMB) a GBX 3,400 Price Target

Imperial Brands (LON:IMB) has been given a GBX 3,400 ($48.68) price objective by equities researchers at Deutsche Bank in a note issued to investors on Monday, March 26th. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 41.17% from the stock’s current price.

A number of other analysts have also recently weighed in on IMB. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,765 ($53.91) price target on shares of Imperial Brands in a research report on Friday, March 16th. Goldman Sachs cut Imperial Brands to a “neutral” rating and lowered their price target for the company from GBX 3,610 ($51.69) to GBX 2,760 ($39.52) in a research report on Thursday, March 15th. Citigroup reiterated a “neutral” rating and issued a GBX 2,850 ($40.81) price target on shares of Imperial Brands in a research report on Tuesday, February 13th. Royal Bank of Canada set a GBX 3,200 ($45.82) target price on Imperial Brands and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Societe Generale set a GBX 4,500 ($64.43) target price on Imperial Brands and gave the stock a “buy” rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Imperial Brands has a consensus rating of “Buy” and a consensus price target of GBX 3,690.63 ($52.84).

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Shares of IMB stock traded down GBX 31.50 ($0.45) during trading hours on Monday, reaching GBX 2,408.50 ($34.49). 1,934,231 shares of the company’s stock were exchanged, compared to its average volume of 2,680,000. Imperial Brands has a fifty-two week low of GBX 2,447 ($35.04) and a fifty-two week high of GBX 3,956.50 ($56.65).



In other Imperial Brands news, insider Alison Cooper sold 26,821 shares of the stock in a transaction dated Monday, March 26th. The stock was sold at an average price of GBX 2,385 ($34.15), for a total value of £639,680.85 ($915,923.32).

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Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.

Analyst Recommendations for Imperial Brands (LON:IMB)

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