Jefferies Remains a Buy on Imperial Brands (IMB)

Jefferies analyst Andrei Andon Ionita reiterated a Buy rating on Imperial Brands today and set a price target of p3,500.00.

Claim 55% 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

According to TipRanks, Andon Ionita is an analyst with an average return of -2.4% and a 42.86% success rate. Andon Ionita covers the Consumer Defensive sector, focusing on stocks such as British American Tobacco, Imperial Brands, and Japan Tobacco.

In addition to Jefferies, Imperial Brands also received a Buy from Barclays’s Pallav Mittal in a report issued yesterday. However, today, UBS maintained a Hold 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.