Imperial Brands PLC (LON:IMB) Insider Purchases £5,949 in Stock

Imperial Brands PLC (LON:IMB) insider Simon Langelier bought 225 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was purchased at an average cost of GBX 2,644 ($34.44) per share, with a total value of £5,949 ($7,749.12).

Shares of Imperial Brands stock remained flat at $GBX 2,646 ($34.47) on Friday. The stock had a trading volume of 1,276,333 shares, compared to its average volume of 2,680,000. Imperial Brands PLC has a 12 month low of GBX 2,447 ($31.87) and a 12 month high of GBX 3,956.50 ($51.54).

Several research analysts recently weighed in on IMB shares. Berenberg Bank reissued a “buy” rating and issued a GBX 3,450 ($44.94) target price on shares of Imperial Brands in a research note on Wednesday, July 4th. Societe Generale set a GBX 3,200 ($41.68) price objective on shares of Imperial Brands and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Liberum Capital reaffirmed a “buy” rating on shares of Imperial Brands in a research note on Thursday, June 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Imperial Brands in a research note on Wednesday, September 12th. Finally, JPMorgan Chase & Co. set a GBX 2,900 ($37.78) target price on Imperial Brands and gave the stock a “neutral” rating in a report on Friday, September 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 3,289.06 ($42.84).

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.

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