Imperial Brands (LON:IMB) has been assigned a GBX 2,100 ($27.44) price objective by investment analysts at Royal Bank of Canada in a note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 3.32% from the stock’s previous close.
A number of other brokerages also recently commented on IMB. Citigroup upgraded shares of Copa from a “neutral” rating to a “buy” rating in a report on Thursday, May 9th. Deutsche Bank reiterated a “buy” rating and issued a GBX 3,400 ($44.43) target price on shares of in a report on Tuesday, July 9th. Morgan Stanley assumed coverage on shares of in a report on Monday, June 17th. They issued an “equal weight” rating and a GBX 215 ($2.81) target price for the company. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 2,012 ($26.29) target price on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Finally, Barclays reiterated an “overweight” rating and issued a GBX 3,150 ($41.16) target price on shares of in a report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 2,818.64 ($36.83).
IMB stock opened at GBX 2,032.50 ($26.56) on Friday. The company has a debt-to-equity ratio of 241.51, a current ratio of 0.68 and a quick ratio of 0.32. The company has a 50-day moving average price of GBX 1,958.73. The company has a market capitalization of $19.45 billion and a P/E ratio of 12.51. Imperial Brands has a 1-year low of GBX 1,821.40 ($23.80) and a 1-year high of GBX 3,009 ($39.32).
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.
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