Imperial Brands (LON:IMB) had its price target reduced by JPMorgan Chase from GBX 3,275 ($46.89) to GBX 2,700 ($38.66) in a research note issued to investors on Tuesday. JPMorgan Chase currently has a neutral rating on the stock.
IMB has been the subject of a number of other reports. Goldman Sachs set a GBX 3,670 ($52.55) target price on shares of Imperial Brands and gave the stock a buy rating in a research note on Monday, January 22nd. Deutsche Bank reiterated a buy rating and issued a GBX 3,400 ($48.68) target price on shares of Imperial Brands in a research note on Wednesday, February 14th. Royal Bank of Canada set a GBX 2,800 ($40.09) target price on shares of Imperial Brands and gave the stock a buy rating in a research note on Wednesday, April 4th. Societe Generale set a GBX 4,500 ($64.43) target price on shares of Imperial Brands and gave the stock a buy rating in a research note on Thursday, February 8th. Finally, Investec reiterated a buy rating and issued a GBX 4,360 ($62.43) target price on shares of Imperial Brands in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 3,654.69 ($52.33).
IMB stock opened at GBX 2,402.50 ($34.40) on Tuesday. Imperial Brands has a 52 week low of GBX 2,447 ($35.04) and a 52 week high of GBX 3,956.50 ($56.65).
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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.
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