Jefferies Financial Group Reaffirms "Buy" Rating for Imperial Brands (LON:IMB)

Key Points

• Jefferies Financial Group has reaffirmed its "Buy" rating for Imperial Brands with a price target of GBX 3,600, indicating a potential upside of 14.69% from its previous close.
• JPMorgan Chase also maintains an "overweight" rating on the stock, contributing to a consensus Buy rating from analysts.
• Imperial Brands shares are currently trading at GBX 3,139, with a market capitalization of £25.32 billion and a 52-week trading range from GBX 2,228 to GBX 3,213.

Imperial Brands (LON:IMB - Get Free Report)'s stock had its "buy" rating reissued by Jefferies Financial Group in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 3,600 price target on the stock. Jefferies Financial Group's price target points to a potential upside of 14.69% from the company's previous close.

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Imperial Brands in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 3,600.

Imperial Brands Price Performance

Shares of LON:IMB opened at GBX 3,139 on Wednesday. The stock has a market cap of £25.32 billion, a PE ratio of 1,047.73, a PEG ratio of 16.51 and a beta of 0.42. The company's fifty day moving average is GBX 3,086.51 and its 200 day moving average is GBX 2,956.76. Imperial Brands has a 52 week low of GBX 2,228 and a 52 week high of GBX 3,213. The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91.

Insider Transactions at Imperial Brands

In related news, insider Alan Johnson purchased 600 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was bought at an average cost of GBX 3,066 per share, with a total value of £18,396. 0.42% of the stock is currently owned by insiders.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company. We're driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world's one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.

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