Imperial Brands PLC -4.7% potential downside indicated by Jefferies

Imperial Brands PLC with ticker (LON:IMB) now has a potential downside of -4.7% according to Jefferies.



Jefferies set a target price of 1,680 GBX for the company, which when compared to the Imperial Brands PLC share price of 1,764 GBX at opening today (28/06/2023) indicates a potential downside of -4.7%. Trading has ranged between 1,693 (52 week low) and 2,185 (52 week high) with an average of 1,806,910 shares exchanging hands daily. The market capitalisation at the time of writing is £15,970,956,327.

Imperial Brands PLC is a fast-moving consumer goods company. The Company operates through two businesses: Tobacco & NGP and Distribution. The Tobacco & NGP business manufactures, markets and sells tobacco and next-generation products (NGP) and tobacco and NGP-related products, including sales to (but not by) the Distribution business. The Distribution business distributes tobacco and NGP products for tobacco and NGP product manufacturers, including Imperial Brands, as well as a range of non-tobacco and NGP products and services. Its segments include Europe, Americas, Africa, Asia & Australasia (AAA) and Distribution. It offers tobacco products and smoking accessories, such as Golden Virginia fine-cut tobacco, Rizla rolling paper, Backwoods cigars, and traditional oral tobacco offerings in the Nordics such as Skruf. Its international cigarette brands include West, Davidoff, Gauloises and JPS, Winston, Nobel, and Lambert & Butler. It also offers a range of nicotine pouches.