UBS Reaffirms Their Hold Rating on Imperial Brands (IMB)

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

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Baig covers the Consumer Defensive sector, focusing on stocks such as Altria Group, Imperial Brands, and Philip Morris. According to TipRanks, Baig has an average return of 0.1% and a 52.00% success rate on recommended stocks.

In addition to UBS, Imperial Brands also received a Hold from Morgan Stanley’s Rashad Kawan in a report issued on April 24. However, on April 29, Jefferies maintained a Buy rating on Imperial Brands (LSE: IMB).

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.