Imperial Brands (IMB) Receives “Overweight” Rating from Barclays

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Barclays reaffirmed their overweight rating on shares of Imperial Brands (LON:IMB) in a research note published on Friday.

Other research analysts have also recently issued reports about the company. Berenberg Bank reaffirmed a buy rating and set a GBX 3,450 ($45.08) price objective on shares of Imperial Brands in a research report on Wednesday, July 4th. Societe Generale set a GBX 3,200 ($41.81) price objective on Imperial Brands and gave the stock a buy rating in a research report on Tuesday, July 3rd. Liberum Capital reaffirmed a buy rating on shares of Imperial Brands in a research report on Thursday, June 28th. Deutsche Bank reaffirmed a buy rating on shares of Imperial Brands in a research report on Wednesday, September 12th. Finally, JPMorgan Chase & Co. set a GBX 2,900 ($37.89) price objective on Imperial Brands and gave the stock a neutral rating in a research report on Friday, September 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Imperial Brands currently has an average rating of Hold and a consensus price target of GBX 3,289.06 ($42.98).

Shares of IMB stock traded down GBX 161.50 ($2.11) on Friday, hitting GBX 2,516.50 ($32.88). 6,096,844 shares of the stock were exchanged, compared to its average volume of 2,680,000. Imperial Brands has a fifty-two week low of GBX 2,447 ($31.97) and a fifty-two week high of GBX 3,956.50 ($51.70).

In related news, insider Oliver Tant purchased 5,386 shares of Imperial Brands stock in a transaction that occurred on Thursday, September 20th. The stock was purchased at an average cost of GBX 2,586 ($33.79) per share, with a total value of £139,281.96 ($181,996.55). Also, insider Simon Langelier purchased 225 shares of Imperial Brands stock in a transaction that occurred on Wednesday, September 12th. The shares were bought at an average cost of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42).

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.

See Also: Bond

Analyst Recommendations for Imperial Brands (LON:IMB)

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