Imperial Brands (LON:IMB – Get Free Report) 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 %
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.
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