This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Barclays Reaffirms Their Buy Rating on Imperial Brands (IMB)

Tipranks - Fri May 29, 1:16AM CDT

Barclays analyst Pallav Mittal maintained a Buy rating on Imperial Brands today and set a price target of £36.50.

Memorial Day Sale – Claim 70% Off TipRanks

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.