Deutsche Bank Aktiengesellschaft Reiterates "Buy" Rating for Imperial Brands (LON:IMB)

Key Points

• Deutsche Bank reiterated a Buy rating on Imperial Brands with a GBX 3,500 target implying roughly 23.1% upside; Jefferies also reaffirmed a Buy at GBX 3,700 and the consensus is a "Moderate Buy" with an average target of GBX 3,550.
• Shares opened at GBX 2,842.59 (market cap £22.12bn; P/E 11.4) and insiders were active recently—Alan Johnson bought 645 shares at GBX 3,097 while Murray McGowan sold 15,955 shares at GBX 3,230; insiders own 0.46% of the company.

Imperial Brands (LON:IMB - Get Free Report)'s stock had its "buy" rating restated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 3,500 target price on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 23.13% from the company's previous close.

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,700 price target on shares of Imperial Brands in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Imperial Brands presently has an average rating of "Moderate Buy" and an average target price of GBX 3,550.

Imperial Brands Price Performance

Shares of IMB opened at GBX 2,842.59 on Wednesday. The stock has a market capitalization of £22.12 billion, a P/E ratio of 11.40, a P/E/G ratio of 16.51 and a beta of 0.23. Imperial Brands has a twelve month low of GBX 2,648 and a twelve month high of GBX 3,341. The company has a 50 day moving average of GBX 3,169.69 and a 200-day moving average of GBX 3,135.53. The company has a quick ratio of 0.41, a current ratio of 0.74 and a debt-to-equity ratio of 207.21.

Insider Activity

In other news, insider Alan Johnson acquired 645 shares of the firm's stock in a transaction dated Friday, April 10th. The stock was purchased at an average price of GBX 3,097 per share, for a total transaction of £19,975.65. Also, insider Murray McGowan sold 15,955 shares of the business's stock in a transaction that occurred on Monday, February 16th. The shares were sold at an average price of GBX 3,230, for a total value of £515,346.50. Insiders own 0.46% of the company's stock.

About Imperial Brands

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