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Deutsche Bank Reaffirms Their Buy Rating on Imperial Brands (IMB)

Tipranks - Tipranks - Thu May 14, 8:44AM CDT

Deutsche Bank analyst reiterated a Buy rating on Imperial Brands today and set a price target of p3,500.00.

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In addition to Deutsche Bank , Imperial Brands also received a Buy from Jefferies’s Andrei Andon Ionita in a report issued today. However, on the same day, UBS maintained a Hold rating on Imperial Brands (LSE: IMB).

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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.

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