Citi Keeps Their Buy Rating on Imperial Brands (IMB)
Citi analyst maintained a Buy rating on Imperial Brands today and set a price target of £36.50.
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In addition to Citi, Imperial Brands also received a Buy from Goldman Sachs’s Richard Felton in a report issued on November 19. However, on November 20, RBC Capital reiterated a Hold rating on Imperial Brands (LSE: IMB).
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 2,700 GBp from 2,400 GBp at RBC Capital
- Imperial Brands Executes Share Repurchase to Enhance Shareholder Value
- 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
