The Deutsche Bank AG Lowers Imperial Brands PLC (IMB) Price Target to GBX 3,700

The Deutsche Bank AG Lowers Imperial Brands PLC (IMB) Price Target to GBX 3,700

Imperial Brands PLC (LON:IMB) had its target price dropped by stock analysts at Deutsche Bank AG from GBX 4,100 ($53.90) to GBX 3,700 ($48.65) in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 17.67% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Whitman Howard restated a “buy” rating and set a GBX 5,100 ($67.05) price target on shares of Imperial Brands PLC in a research report on Thursday, September 21st. Berenberg Bank lowered their price target on shares of Imperial Brands PLC from GBX 4,200 ($55.22) to GBX 4,050 ($53.25) and set a “buy” rating for the company in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) upped their price target on shares of Imperial Brands PLC from GBX 4,070 ($53.51) to GBX 4,100 ($53.90) and gave the stock a “buy” rating in a research report on Thursday, June 29th. Jefferies Group LLC lowered their price target on shares of Imperial Brands PLC from GBX 4,200 ($55.22) to GBX 4,100 ($53.90) and set a “buy” rating for the company in a research report on Wednesday, September 6th. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 3,800 ($49.96) price target on shares of Imperial Brands PLC in a research report on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Imperial Brands PLC has a consensus rating of “Buy” and an average target price of GBX 4,035.83 ($53.06).

Imperial Brands PLC (LON IMB) opened at 3144.50 on Thursday. Imperial Brands PLC has a 52-week low of GBX 3,112.50 and a 52-week high of GBX 4,007.00. The company has a 50-day moving average of GBX 3,221.88 and a 200-day moving average of GBX 3,484.93. The stock’s market capitalization is GBX 30.01 billion.

In related news, insider Simon Langelier bought 31 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was purchased at an average price of GBX 3,258 ($42.83) per share, for a total transaction of £1,009.98 ($1,327.87).

Imperial Brands PLC Company Profile

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.

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