Barclays Reaffirms Their Buy Rating on Imperial Brands (IMB)
Barclays analyst Pallav Mittal maintained a Buy rating on Imperial Brands today and set a price target of £36.50.
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According to TipRanks, Mittal is a 3-star analyst with an average return of 1.5% and a 49.12% success rate.
In addition to Barclays, Imperial Brands also received a Buy from Goldman Sachs’s Richard Felton in a report issued on May 15. However, on May 13, UBS maintained a Hold rating on Imperial Brands (LSE: IMB).
Based on Imperial Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p9.08 billion and a net profit of p475 million. In comparison, last year the company earned a revenue of p8.66 billion and had a net profit of p808 million
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IMB in relation to earlier this year.
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