Imperial Brands (IMB) Rating Reiterated by JPMorgan Chase & Co.

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Imperial Brands (LON:IMB)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report issued on Tuesday, Digital Look reports. They currently have a GBX 2,900 ($37.89) target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 33.73% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group lowered their price objective on Imperial Brands from GBX 2,870 ($37.50) to GBX 2,400 ($31.36) and set a “neutral” rating for the company in a research report on Friday, January 11th. Credit Suisse Group set a GBX 3,350 ($43.77) price objective on Imperial Brands and gave the company a “buy” rating in a research report on Monday, January 14th. Liberum Capital reissued a “buy” rating on shares of Imperial Brands in a research report on Tuesday, January 15th. Jefferies Financial Group reissued a “buy” rating on shares of Imperial Brands in a research report on Thursday, January 24th. Finally, Deutsche Bank reissued a “buy” rating and set a GBX 3,400 ($44.43) price objective on shares of Imperial Brands in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 3,082.86 ($40.28).

LON:IMB opened at GBX 2,168.50 ($28.34) on Tuesday. The firm has a market capitalization of $20.86 billion and a P/E ratio of 15.14. Imperial Brands has a twelve month low of GBX 2,239.50 ($29.26) and a twelve month high of GBX 3,009 ($39.32). The company has a current ratio of 0.65, a quick ratio of 0.30 and a debt-to-equity ratio of 186.11.

In other news, insider Matthew Phillips sold 4,235 shares of Imperial Brands stock in a transaction dated Monday, March 18th. The stock was sold at an average price of GBX 2,640 ($34.50), for a total value of £111,804 ($146,091.73).

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

Further Reading: Quiet Period Expirations

Analyst Recommendations for Imperial Brands (LON:IMB)

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