Barclays Reaffirms Their Buy Rating on Imperial Brands (IMB)
In a report released today, Gaurav Jain from Barclays maintained a Buy rating on Imperial Brands (IMB – Research Report), with a price target of £33.50. The company’s shares closed yesterday at p2,782.00.
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According to TipRanks, Jain is a 4-star analyst with an average return of 6.7% and a 54.13% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Imperial Brands with a p3,000.00 average price target.
Based on Imperial Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p8.62 billion and a net profit of p846 million. In comparison, last year the company earned a revenue of p8.51 billion and had a net profit of p1.09 billion
Based on the recent corporate insider activity of 74 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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