Imperial Brands (LON:IMB) Given “Buy” Rating at Panmure Gordon

Imperial Brands (LON:IMBGet Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Panmure Gordon in a report issued on Wednesday,Digital Look reports. They currently have a GBX 4,200 price objective on the stock. Panmure Gordon’s price target suggests a potential upside of 29.67% from the stock’s previous close.

Other analysts have also issued research reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,600 price target on shares of Imperial Brands in a research note on Wednesday, October 8th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Imperial Brands in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 3,900.

Check Out Our Latest Stock Analysis on Imperial Brands

Imperial Brands Stock Up 0.3%

Shares of IMB traded up GBX 10 during mid-day trading on Wednesday, hitting GBX 3,239. 284,136,063 shares of the company’s stock were exchanged, compared to its average volume of 6,267,018. The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91. The stock has a market cap of £26.02 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 16.51 and a beta of 0.42. Imperial Brands has a twelve month low of GBX 2,478 and a twelve month high of GBX 3,268. The firm has a fifty day moving average of GBX 3,099.86 and a two-hundred day moving average of GBX 2,996.75.

Imperial Brands (LON:IMBGet Free Report) last released its quarterly earnings results on Tuesday, November 18th. The company reported GBX 315 EPS for the quarter. Imperial Brands had a net margin of 11.44% and a return on equity of 41.84%. On average, sell-side analysts forecast that Imperial Brands will post 246.5723613 earnings per share for the current year.

Insider Buying and Selling

In other Imperial Brands news, insider Alan Johnson purchased 600 shares of the stock in a transaction dated Thursday, September 18th. The stock was bought at an average price of GBX 3,066 per share, with a total value of £18,396. 0.43% of the stock is currently owned by corporate insiders.

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