Imperial Brands (IMB) Receives a Buy from Kepler Capital
Kepler Capital analyst Emanuele Sartori maintained a Buy rating on Imperial Brands on April 14 and set a price target of p3,650.00. The company’s shares closed yesterday at p2,933.00.
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According to TipRanks, Sartori is a 2-star analyst with an average return of 0.2% and a 33.33% success rate.
In addition to Kepler Capital , Imperial Brands also received a Buy from Citi’s Simon Hales in a report issued yesterday. 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:
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- Imperial Brands price target lowered to 3,550 GBp from 3,650 GBp at Citi
- Imperial Brands Cuts Share Count with Latest £1.45bn Buyback Tranche
- Imperial Brands Chair Thérèse Esperdy Named Rentokil Initial Chair Designate
- Imperial Brands downgraded to Neutral from Buy at UBS
- Imperial Brands Cancels 260,000 Shares in Ongoing £1.45bn Buyback
