J P Morgan Chase & Co Reiterates Neutral Rating for Imperial Brands (IMB)

Imperial Brands (LON:IMB)‘s stock had its “neutral” rating reiterated by equities research analysts at J P Morgan Chase & Co in a research note issued to investors on Tuesday.

Several other brokerages have also recently commented on IMB. Whitman Howard reiterated a “buy” rating and issued a GBX 5,100 ($68.64) target price on shares of Imperial Brands in a report on Friday, September 15th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 4,150 ($55.85) price target on shares of Imperial Brands in a research report on Monday, September 11th. Barclays reissued an “overweight” rating and issued a GBX 4,300 ($57.87) price target on shares of Imperial Brands in a research report on Monday, September 25th. Beaufort Securities restated a “long term buy” rating and issued a GBX 3,450 ($46.43) price objective on shares of Imperial Brands in a research note on Tuesday, November 7th. Finally, S&P Global set a GBX 4,200 ($56.53) price target on Imperial Brands and gave the stock a “buy” rating in a research note on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Imperial Brands presently has a consensus rating of “Buy” and a consensus price target of GBX 3,910.31 ($52.63).

Shares of Imperial Brands (IMB) traded down GBX 9.38 ($0.13) during mid-day trading on Tuesday, reaching GBX 3,075.50 ($41.39). 959,727 shares of the company’s stock traded hands, compared to its average volume of 2,560,000. Imperial Brands has a 52-week low of GBX 3,013 ($40.55) and a 52-week high of GBX 3,956.50 ($53.25).

Imperial Brands (LON:IMB) last posted its earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.59) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 264.40 ($3.56) by GBX 2.60 ($0.03). The company had revenue of GBX 3,024.70 billion during the quarter. Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%.

In related news, insider Simon Langelier purchased 31 shares of Imperial Brands stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of GBX 3,258 ($43.85) per share, for a total transaction of £1,009.98 ($1,359.33).

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About Imperial Brands

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.

Analyst Recommendations for Imperial Brands (LON:IMB)

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