Imperial Brands (LON:IMB) Price Target Raised to GBX 3,650

Imperial Brands (LON:IMBFree Report) had its price target hoisted by Citigroup from GBX 3,425 to GBX 3,650 in a research report released on Monday, MarketBeat.com reports. Citigroup currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group restated a “buy” rating and set a GBX 3,600 target price on shares of Imperial Brands in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imperial Brands in a research note on Friday, October 3rd. Panmure Gordon restated a “buy” rating and issued a GBX 4,200 target price on shares of Imperial Brands in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada increased their target price on shares of Imperial Brands from GBX 2,400 to GBX 2,700 and gave the stock a “sector perform” rating in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Imperial Brands has an average rating of “Moderate Buy” and a consensus price target of GBX 3,562.50.

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Imperial Brands Stock Performance

LON IMB opened at GBX 3,277 on Monday. The stock has a market cap of £26.33 billion, a P/E ratio of 10.94, a PEG ratio of 16.51 and a beta of 0.42. The company’s 50-day simple moving average is GBX 3,109.24 and its 200 day simple moving average is GBX 3,003.10. Imperial Brands has a twelve month low of GBX 2,521 and a twelve month high of GBX 3,279. The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91.

Imperial Brands (LON:IMBGet Free Report) last announced 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%. As a group, research analysts forecast that Imperial Brands will post 246.5723613 earnings per share for the current fiscal year.

Insider Activity at Imperial Brands

In related news, insider Alan Johnson purchased 600 shares of Imperial Brands stock in a transaction that occurred on Thursday, September 18th. The shares were acquired at an average price of GBX 3,066 per share, for a total transaction of £18,396. Insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile

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