Morningstar raises fair value for Imperial Brands stock to GBp 3,400.00

Published on 10/06/2026 at 09:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue grew 2.00 percent, Morningstar reported on September 21, 2026. Imperial Brands stock costs EUR 29.49 on October 6, 2026 after EUR 29.07.

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Imperial Brands (ISIN GB0004544929) was trading at EUR 29.49 at Lang & Schwarz on October 6, 2026 at 9:30 a.m. CEST, up 1.44 percent versus the prior close of EUR 29.07. As Morningstar reported on September 21, 2026, its fair value estimate for Imperial Brands rose to GBp 3,400.00 from GBp 3,300.00.

Fair value rises to GBp 3,400.00

The valuation change came as Imperial Brands approached the end of fiscal 2026. Morningstar said first-half net revenue grew 2.00 percent, but it also highlighted market share losses in the company's five largest markets and higher operating losses in next-generation products.

That combination defines the near-term debate. Revenue growth provides a quantified operating improvement, while the product and market-share issues explain why the valuation case still depends on better second-half execution rather than on tobacco demand alone.

LSE quote stays below yearly high

The LSE quote was GBp 2,491.00 at 8:29 a.m. CEST on October 6, 2026. Its 52-week range was GBp 2,408.00 to GBp 3,632.04, placing the quoted share above its yearly low and below its yearly high.

The euro quotation moved in the same session: EUR 29.49 stood EUR 0.42 above the Lang & Schwarz prior close of EUR 29.07. For investors, the contrast between the daily move and the wider yearly range keeps the valuation discussion tied to execution milestones.

Results date sets the next test

According to MarketScreener, Imperial Brands is scheduled to publish fiscal 2026 results on November 17, 2026. That report will provide the next reported comparison for the 2.00 percent first-half net revenue growth and the company's progress in next-generation products.

Analyst views remain divided around the valuation. Yahoo Finance reported on September 16, 2026 that BofA upgraded Imperial Brands to Buy from Neutral with a GBp 3,200.00 target, while Barclays cut its target to GBp 3,400.00 from GBp 3,650.00.

Imperial Brands stock and the next report

Imperial Brands was trading at EUR 29.49 at Lang & Schwarz on October 6, 2026 at 9:30 a.m. CEST, plus 1.44 percent versus the prior close of EUR 29.07. The further course of trading is shown by the continuously updated real-time quote of Imperial Brands stock.