Imperial Brands PLC (IMB.L) 06-12-19
Will Imperial Brands PLC (IMB.L) shares break below the 1700p support zone, or will it return to highs of 2213p (+30%)?
- Currently trading around the 1700p support at 1702.2p (at time of writing).
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Highs of 2213p have been seen in the recent past. Will we see this again? (+30%)
- Shares -37% from 12-month highs; +2% from 12 month lows.
Latest News
08 Nov: JP Morgan Cazenove reiterates its neutral rating on Imperial Brands Plc (IMB) and reduced the target price to 1900p (from 2100p).
07 Nov: UBS reiterates its neutral rating on Imperial Brands Plc (IMB) and reduced the target price to 1790p (from 1900p).
06 Nov: Credit Suisse reiterates its outperform rating on Imperial Brands Plc (IMB) and reduced the target price to 3000p (from 3300p).
05 Nov: Imperial Brands, the tobacco giant, provided a more pessimistic outlook following its full year results, which did not meet expectations. The company’s vaping business was adversely affected by regulatory uncertainty in the US market.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires