Imperial Brands (LON:IMB) Given New GBX 2,700 Price Target at Royal Bank Of Canada

Imperial Brands (LON:IMB) had its target price increased by Royal Bank Of Canada from GBX 2,400 to GBX 2,700 in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has a sector perform 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 report on Wednesday, October 8th. Panmure Gordon restated a “buy” rating and issued a GBX 4,200 price objective on shares of Imperial Brands in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Imperial Brands in a research report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,500.

Imperial Brands Stock Down 1.6%

LON IMB opened at GBX 3,207 on Thursday. Imperial Brands has a 1 year low of GBX 2,504 and a 1 year high of GBX 3,275.07. The stock has a market capitalization of £25.76 billion, a PE ratio of 10.70, a PEG ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41. The business’s 50-day moving average is GBX 3,103.64 and its 200 day moving average is GBX 3,000.26.

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

Insider Activity

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

Imperial Brands Company Profile