Imperial Brands PLC (IMB) Receives GBX 3,168.33 Average Price Target from Brokerages
Imperial Brands PLC (LON:IMB) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 3,168.33 ($41.40).
IMB has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,500 ($45.73) price target (down from GBX 3,800 ($49.65)) on shares of Imperial Brands in a research report on Thursday, November 29th. Liberum Capital reaffirmed a “buy” rating on shares of Imperial Brands in a research report on Wednesday, October 3rd. Goldman Sachs Group set a GBX 2,920 ($38.15) price target on Imperial Brands and gave the company a “neutral” rating in a research report on Tuesday, September 4th. Barclays reaffirmed an “overweight” rating and set a GBX 3,350 ($43.77) price target on shares of Imperial Brands in a research report on Wednesday, November 7th. Finally, Sanford C. Bernstein set a GBX 2,990 ($39.07) price target on Imperial Brands and gave the company a “buy” rating in a research report on Tuesday, October 16th.
In other news, insider Simon Langelier acquired 225 shares of Imperial Brands stock in a transaction on Wednesday, September 12th. The stock was acquired at an average cost of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42). Also, insider Oliver Tant acquired 5,386 shares of Imperial Brands stock in a transaction on Thursday, September 20th. The shares were purchased at an average cost of GBX 2,586 ($33.79) per share, with a total value of £139,281.96 ($181,996.55).
The firm also recently declared a dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 21st will be given a dividend of GBX 65.46 ($0.86) per share. This represents a dividend yield of 2.47%. The ex-dividend date is Thursday, February 21st.
Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.
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