Imperial Brands (IMB) Gets a Buy from Citi
In a report released today, Simon Hales from Citi reiterated a Buy rating on Imperial Brands (IMB – Research Report), with a price target of £34.25. The company’s shares closed yesterday at p3,121.00.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
According to TipRanks, Hales is a 4-star analyst with an average return of 5.6% and a 59.90% success rate. Hales covers the Consumer Defensive sector, focusing on stocks such as Altria Group, Diageo, and Philip Morris.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Imperial Brands with a p3,147.00 average price target.
IMB market cap is currently £25.2B and has a P/E ratio of 10.22.
Based on the recent corporate insider activity of 65 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.
Read More on GB:IMB:
Disclaimer & DisclosureReport an Issue
- Imperial Brands Executes Share Repurchase and Cancellation
- Imperial Brands Executes Share Repurchase to Boost Shareholder Value
- Capital Group Increases Stake in Imperial Brands
- Imperial Brands Announces Updated Share Capital and Voting Rights
- Imperial Brands Initiates Second Tranche of Share Buyback Program
