Imperial Brands (IMB) Receives a Buy from Goldman Sachs
In a report released today, Richard Felton from Goldman Sachs reiterated a Buy rating on Imperial Brands, with a price target of p3,600.00.
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According to TipRanks, Felton is a 4-star analyst with an average return of 8.5% and a 61.82% success rate. Felton covers the Healthcare sector, focusing on stocks such as ConvaTec, Smith & Nephew, and Argenx Se.
In a report released on November 14, Barclays also maintained a Buy rating on the stock with a £36.50 price target.
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.
Read More on GB:IMB:
Disclaimer & DisclosureReport an Issue
- Imperial Brands Executes Share Repurchase and Cancellation
- Imperial Brands Announces Increased Dividend Payouts
- Imperial Brands Reports Strong Growth in NGP and Shareholder Returns
- Imperial Brands Executes Share Repurchase to Enhance Shareholder Value
- Imperial Brands Executes Share Buyback to Enhance Shareholder Value
