Jefferies Reaffirms Their Buy Rating on Imperial Brands (IMB)
In a report released today, from Jefferies reiterated a Buy rating on Imperial Brands, with a price target of p3,700.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
In addition to Jefferies, Imperial Brands also received a Buy from Barclays’s Pallav Mittal in a report issued today. However, on the same day, UBS downgraded Imperial Brands (LSE: IMB) to a Hold.
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.
Read More on GB:IMB:
Disclaimer & DisclosureReport an Issue
- Imperial Brands downgraded to Neutral from Buy at UBS
- Imperial Brands Cancels 260,000 Shares in Ongoing £1.45bn Buyback
- Imperial Brands Director Julie Hamilton Joins Goodyear Board
- Imperial Brands Reaffirms 2026 Outlook as 2030 Transformation Gathers Pace
- Imperial Brands Cancels Further Shares in £1.45bn Buyback
