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, with a price target of £36.50.
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According to TipRanks, Jain is a 4-star analyst with an average return of 6.0% and a 51.75% success rate. Jain covers the Consumer Defensive sector, focusing on stocks such as Imperial Brands, Philip Morris, and Haypp Group AB.
Currently, the analyst consensus on Imperial Brands is a Strong Buy with an average price target of p3,460.00.
Based on Imperial Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p8.66 billion and a net profit of p808 million. In comparison, last year the company earned a revenue of p8.62 billion and had a net profit of p846 million
Based on the recent corporate insider activity of 44 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.
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