Imperial Brands (IMB) Receives Neutral Rating from J P Morgan Chase & Co
Several other equities research analysts have also recently weighed in on IMB. Royal Bank Of Canada upgraded Imperial Brands to an outperform rating and increased their price objective for the stock from GBX 3,500 ($47.11) to GBX 3,600 ($48.45) in a report on Monday, August 21st. Deutsche Bank set a GBX 4,100 ($55.18) price objective on Imperial Brands and gave the stock a buy rating in a report on Wednesday, August 30th. Jefferies Group dropped their price objective on Imperial Brands from GBX 4,200 ($56.53) to GBX 4,100 ($55.18) and set a buy rating for the company in a report on Wednesday, September 6th. Barclays set a GBX 4,300 ($57.87) price objective on Imperial Brands and gave the stock a buy rating in a report on Wednesday, September 6th. Finally, Credit Suisse Group restated an outperform rating and issued a GBX 4,150 ($55.85) target price on shares of Imperial Brands in a research note on Monday, September 11th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 3,910.31 ($52.63).
Shares of Imperial Brands (LON IMB) opened at GBX 3,086.50 ($41.54) on Tuesday. Imperial Brands has a fifty-two week low of GBX 3,013 ($40.55) and a fifty-two week high of GBX 3,956.50 ($53.25).
Imperial Brands (LON:IMB) last released its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.59) earnings per share for the quarter, topping the consensus estimate of GBX 264.40 ($3.56) by GBX 2.60 ($0.03). Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%. The business had revenue of GBX 3,024.70 billion during the quarter.
The business also recently disclosed a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, February 22nd will be given a dividend of GBX 59.51 ($0.80) per share. This represents a yield of 1.87%. The ex-dividend date is Thursday, February 22nd.
In related news, insider Simon Langelier acquired 31 shares of Imperial Brands stock in a transaction that occurred on Monday, September 18th. The stock was bought at an average price of GBX 3,258 ($43.85) per share, with a total value of £1,009.98 ($1,359.33).
About Imperial Brands
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.
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