Imperial Brands (IMB) Given a GBX 3,400 Price Target at Morgan Stanley

Morgan Stanley set a GBX 3,400 ($45.76) price objective on Imperial Brands (LON:IMB) in a report issued on Monday morning. The firm currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Deutsche Bank reissued a buy rating and issued a GBX 4,100 ($55.18) price objective on shares of Imperial Brands in a report on Friday, September 29th. Whitman Howard reaffirmed a buy rating and set a GBX 5,100 ($68.64) price target on shares of Imperial Brands in a research note on Thursday, September 28th. Barclays set a GBX 4,300 ($57.87) price target on Imperial Brands and gave the company a buy rating in a research note on Wednesday, September 6th. Jefferies Group decreased their price target 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 research note on Wednesday, September 6th. Finally, UBS set a GBX 3,900 ($52.49) price target on Imperial Brands and gave the company a buy rating in a research note on Monday, October 9th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 3,888.44 ($52.33).

Shares of Imperial Brands (IMB) traded up GBX 17.50 ($0.24) during trading on Monday, hitting GBX 3,090 ($41.59). The stock had a trading volume of 640,590 shares, compared to its average volume of 2,560,000. 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 issued its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.59) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company also recently announced 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 other news, insider Simon Langelier bought 31 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were acquired at an average cost of GBX 3,258 ($43.85) per share, with a total value of £1,009.98 ($1,359.33).

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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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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