Barclays Sticks to Its Buy Rating for Imperial Brands (IMB)
In a report released today, Gaurav Jain from Barclays maintained a Buy rating on Imperial Brands, with a price target of £36.50. The company’s shares closed yesterday at p3,092.00.
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According to TipRanks, Jain is a 4-star analyst with an average return of 6.9% and a 55.25% success rate. Jain covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, British American Tobacco, and Altria Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Imperial Brands with a p3,600.00 average price target.
Based on Imperial Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p19.74 billion and a net profit of p3.53 billion. In comparison, last year the company earned a revenue of p9.57 billion and had a net profit of p1.23 billion
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