UBS downgrades Imperial Brands (IMB) to a Hold

In a report released today, Faham Baig from UBS downgraded Imperial Brands to a Hold, with a price target of p3,150.00.

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

Baig covers the Consumer Defensive sector, focusing on stocks such as Altria Group, Philip Morris, and Imperial Brands. According to TipRanks, Baig has an average return of 0.7% and a 56.76% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Imperial Brands with a p3,148.01 average price target.

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.