Imperial Brands (LON:IMB) Price Target Cut to GBX 2,250 by Analysts at JPMorgan Chase & Co.

Imperial Brands (LON:IMB) had its target price reduced by stock analysts at JPMorgan Chase & Co. from GBX 2,350 ($28.86) to GBX 2,250 ($27.63) in a research note issued on Monday, Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 21.98% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group restated a “hold” rating on shares of Imperial Brands in a research report on Wednesday, November 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,325 ($28.55) target price on shares of Imperial Brands in a research report on Wednesday, November 15th. Citigroup upgraded shares of Imperial Brands to a “buy” rating in a research report on Friday, October 6th. Finally, Barclays decreased their price objective on shares of Imperial Brands from GBX 2,500 ($30.70) to GBX 2,400 ($29.47) and set an “overweight” rating on the stock in a report on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,171 ($26.66).

Imperial Brands Trading Down 0.4 %

Shares of LON IMB traded down GBX 7.50 ($0.09) during midday trading on Monday, reaching GBX 1,844.50 ($22.65). 1,390,755 shares of the stock were exchanged, compared to its average volume of 1,732,327. The stock has a market capitalization of £16.43 billion, a P/E ratio of 734.86, a PEG ratio of 15.31 and a beta of 0.44. The company has a debt-to-equity ratio of 157.30, a quick ratio of 0.41 and a current ratio of 0.72. The company has a 50 day simple moving average of GBX 1,737.29 and a 200 day simple moving average of GBX 1,767.90. Imperial Brands has a twelve month low of GBX 1,553.50 ($19.08) and a twelve month high of GBX 2,185 ($26.83).

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut tobacco, rolling papers, cigars, and traditional oral tobacco; and next generation product (NGP) portfolio, such as e-vapour products, oral nicotine, and heated tobacco products.