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).
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).
TRADEMARK VIOLATION WARNING: “Deutsche Bank Analysts Give Imperial Brands (LON:IMB) a GBX 3,400 Price Target” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://stocknewstimes.com/2018/04/17/deutsche-bank-analysts-give-imperial-brands-imb-a-gbx-3400-price-target.html.
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.
Receive News & Ratings for Imperial Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands and related companies with MarketBeat.com's FREE daily email newsletter.