J.P. Morgan Keeps Their Buy Rating on Imperial Brands (IMB)

In a report released today, Jared Dinges from J.P. Morgan maintained a Buy rating on Imperial Brands, with a price target of £33.50. The company’s shares opened today at p3,120.00.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Dinges is ranked #3731 out of 10027 analysts.

Imperial Brands has an analyst consensus of Strong Buy, with a price target consensus of p3,520.40, a 12.83% upside from current levels. In a report released today, UBS also maintained a Buy rating on the stock with a £36.00 price target.

Based on Imperial Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p4.33 billion and a net profit of p404 million. In comparison, last year the company earned a revenue of p17.23 billion and had a net profit of p1.69 billion

Based on the recent corporate insider activity of 45 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.