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Barclays Reaffirms Their Buy Rating on Imperial Brands (IMB)

Tipranks - Wed Apr 1, 1:21AM CDT

In a report released today, Pallav Mittal from Barclays maintained a Buy rating on Imperial Brands, with a price target of £36.50.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Mittal is an analyst with an average return of -2.6% and a 40.95% success rate. Mittal covers the Basic Materials sector, focusing on stocks such as UPM Kymmene, Stora Enso Oyj, and Svenska Cellulosa SCA AB.

Imperial Brands has an analyst consensus of Moderate Buy, with a price target consensus of p3,500.00.

Based on Imperial Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p10.32 billion and a net profit of p1.26 billion. In comparison, last year the company earned a revenue of p9.87 billion and had a net profit of p1.77 billion

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMB in relation to earlier this year.

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