Imperial Brands (LON:IMB) Sets New 12-Month High After Analyst Upgrade
Imperial Brands (LON:IMB) reached a new 12-month high after Jefferies Financial Group raised their price target from GBX 3,600 to GBX 3,700, maintaining a buy rating. Other brokerages also issued positive ratings, with a consensus rating of Moderate Buy and an average target price of GBX 3,562.50. The stock traded as high as GBX 3,278 with a volume of 10,924,398 shares. The company has a market cap of £26.33 billion and a P/E ratio of 10.94.
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