Several other research firms have also recently weighed in on IMB. Deutsche Bank reiterated a “buy” rating on shares of Imperial Brands in a report on Wednesday, March 20th. Citigroup upgraded Imperial Brands to a “buy” rating and increased their price objective for the stock from GBX 2,700 ($35.28) to GBX 3,000 ($39.20) in a report on Thursday, March 28th. Credit Suisse Group dropped their price objective on Imperial Brands from GBX 3,350 ($43.77) to GBX 3,300 ($43.12) and set an “outperform” rating for the company in a report on Thursday, March 21st. Liberum Capital reiterated a “buy” rating on shares of Imperial Brands in a report on Tuesday, April 2nd. Finally, UBS Group reiterated a “neutral” rating on shares of Imperial Brands in a report on Thursday, March 28th. Two investment 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 currently has an average rating of “Buy” and an average target price of GBX 2,973.46 ($38.85).
LON IMB traded down GBX 43 ($0.56) on Wednesday, hitting GBX 1,846.80 ($24.13). The company’s stock had a trading volume of 3,470,709 shares, compared to its average volume of 2,680,000. Imperial Brands has a 52-week low of GBX 1,850 ($24.17) and a 52-week high of GBX 3,009 ($39.32). The company has a debt-to-equity ratio of 241.51, a quick ratio of 0.32 and a current ratio of 0.68. The firm’s 50-day simple moving average is GBX 2,011.74. The firm has a market capitalization of $17.51 billion and a price-to-earnings ratio of 11.36.
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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