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Barclays Sticks to Its Buy Rating for Imperial Brands (IMB)

Tipranks - Thu Apr 16, 1:27AM CDT

Barclays analyst Pallav Mittal maintained a Buy rating on Imperial Brands today and set a price target of £36.50.

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According to TipRanks, Mittal is ranked #10097 out of 12125 analysts.

Imperial Brands has an analyst consensus of Moderate Buy, with a price target consensus of p3,133.07.

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 19 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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