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 £36.50. The company’s shares closed yesterday at p2,680.00.

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According to TipRanks, Jain is a 4-star analyst with an average return of 7.1% and a 55.79% success rate.

Imperial Brands has an analyst consensus of Strong Buy, with a price target consensus of p3,325.00, which is a 24.07% upside from current levels. In a report released on May 7, Citi also reiterated a Buy rating on the stock with a £34.25 price target.

Based on Imperial Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p9.87 billion and a net profit of p1.77 billion. In comparison, last year the company earned a revenue of p9.57 billion and had a net profit of p1.23 billion

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.