Credit Suisse Group Reiterates Outperform Rating for Imperial Brands (LON:IMB)

Imperial Brands (LON:IMB)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the company. UBS Group restated a “neutral” rating on shares of Imperial Brands in a research note on Thursday, October 10th. Barclays restated an “overweight” rating on shares of Imperial Brands in a research note on Wednesday, September 25th. Royal Bank of Canada set a GBX 2,100 ($27.44) price objective on Imperial Brands and gave the company a “sell” rating in a research note on Thursday, September 26th. Jefferies Financial Group restated a “buy” rating on shares of Imperial Brands in a research note on Monday, September 30th. Finally, Liberum Capital restated a “buy” rating on shares of Imperial Brands in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 2,810.45 ($36.72).

Shares of LON:IMB opened at GBX 1,863 ($24.34) on Thursday. The company has a market capitalization of $17.70 billion and a PE ratio of 11.46. 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 business has a fifty day moving average price of GBX 1,989.61 and a two-hundred day moving average price of GBX 2,125.66. Imperial Brands has a 1 year low of GBX 1,736.20 ($22.69) and a 1 year high of GBX 2,789 ($36.44).

In other news, insider Oliver Tant purchased 1,250 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of GBX 1,776 ($23.21) per share, with a total value of £22,200 ($29,008.23). Also, insider Mark Williamson purchased 1,489 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of GBX 2,121 ($27.71) per share, for a total transaction of £31,581.69 ($41,267.07).

Imperial Brands Company Profile

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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Analyst Recommendations for Imperial Brands (LON:IMB)

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