Panmure Liberum Sticks to Their Buy Rating for Imperial Brands (IMB)
Panmure Liberum analyst reiterated a Buy rating on Imperial Brands today and set a price target of p4,200.00.
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In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a p3,500.00 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:
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- Imperial Brands price target raised to 3,500 GBp from 3,350 GBp at JPMorgan
- 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
