UBS Group Reiterates "Neutral" Rating for Imperial Brands (LON:IMB)

Key Points

• UBS Group reiterated its "Neutral" rating on Imperial Brands and set a GBX 3,150 target price, implying about 15.1% upside from the current share price.
• Other analysts remain mostly positive: Jefferies, Deutsche Bank, and Citigroup all maintained buy ratings, and the stock carries an overall Moderate Buy consensus with an average target of GBX 3,466.67.
• Imperial Brands shares opened at GBX 2,736, below both the 50-day and 200-day moving averages, while the company has a £21.2 billion market cap and a low beta of 0.17.

Imperial Brands (LON:IMB - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at UBS Group in a report issued on Monday,Digital Look reports. They presently have a GBX 3,150 target price on the stock. UBS Group's price objective would suggest a potential upside of 15.13% from the company's current price.

Several other research firms have also commented on IMB. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,700 price target on shares of Imperial Brands in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 3,500 target price on shares of Imperial Brands in a research note on Wednesday, April 15th. Finally, Citigroup lowered their target price on Imperial Brands from GBX 3,650 to GBX 3,550 and set a "buy" rating on the stock in a report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Imperial Brands has an average rating of "Moderate Buy" and an average target price of GBX 3,466.67.

Imperial Brands Stock Performance

LON:IMB opened at GBX 2,736 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.41 and a debt-to-equity ratio of 207.21. The firm has a 50-day moving average price of GBX 3,029.21 and a two-hundred day moving average price of GBX 3,104.71. Imperial Brands has a twelve month low of GBX 2,648 and a twelve month high of GBX 3,341. The company has a market capitalization of £21.20 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 16.51 and a beta of 0.17.

Insider Activity at Imperial Brands

In related news, insider Murray McGowan sold 15,955 shares of the firm'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 transaction of £515,346.50. Also, insider Alan Johnson bought 645 shares of the stock in a transaction on Friday, April 10th. The stock was purchased at an average cost of GBX 3,097 per share, with a total value of £19,975.65. Insiders own 0.46% of the company's stock.

About Imperial Brands

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