UBS Reaffirms Their Buy Rating on Imperial Brands (IMB)
UBS analyst Faham Baig reiterated a Buy rating on Imperial Brands on January 9 and set a price target of p3,500.00. The company’s shares closed last Friday at p3,011.00.
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Baig covers the Consumer Defensive sector, focusing on stocks such as Altria Group, Philip Morris, and British American Tobacco. According to TipRanks, Baig has an average return of -0.5% and a 52.11% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Imperial Brands with a p3,538.89 average price target.
Based on Imperial Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p10.32 billion and a net profit of p1.26 billion. In comparison, last year the company earned a revenue of p9.87 billion and had a net profit of p1.77 billion
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMB in relation to earlier this year.
Read More on GB:IMB:
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- Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
- Imperial Brands Non-Executive Directors Reinvest Dividends in Company Shares
- Imperial Brands Cancels 387,241 Shares Under £1.45bn Buyback Programme
- Imperial Brands Cancels Nearly 500,000 Shares Under Ongoing Buyback Programme
- Imperial Brands Cancels Over 523,000 Shares Under Ongoing Buyback Programme
