Several other research analysts have also commented on IMB. Jefferies Financial Group cut their price target on shares of Imperial Brands from GBX 3,800 ($49.65) to GBX 2,400 ($31.36) and set a buy rating on the stock in a report on Monday, November 4th. Credit Suisse Group cut their price target on shares of Imperial Brands from GBX 3,300 ($43.12) to GBX 3,000 ($39.20) and set an outperform rating on the stock in a report on Wednesday, November 6th. UBS Group restated a neutral rating and issued a GBX 1,790 ($23.39) price target (down previously from GBX 1,900 ($24.83)) on shares of Imperial Brands in a report on Thursday, November 7th. Royal Bank of Canada restated an underperform rating on shares of Imperial Brands in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Imperial Brands from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set a neutral rating on the stock in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Imperial Brands presently has an average rating of Hold and an average target price of GBX 2,469 ($32.26).
IMB opened at GBX 1,709.80 ($22.34) on Wednesday. The company’s 50 day simple moving average is GBX 1,780.93 and its 200 day simple moving average is GBX 1,979.64. The company has a debt-to-equity ratio of 244.63, a quick ratio of 0.45 and a current ratio of 0.90. Imperial Brands has a 1 year low of GBX 1,655 ($21.63) and a 1 year high of GBX 2,713.50 ($35.46). The stock has a market capitalization of $16.22 billion and a PE ratio of 16.16.
The company also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 21st will be paid a dividend of GBX 72.01 ($0.94) per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a dividend yield of 4.14%. This is a positive change from Imperial Brands’s previous dividend of $72.00. Imperial Brands’s dividend payout ratio (DPR) is currently 2.72%.
In other news, insider Oliver Tant acquired 1,250 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were bought at an average price of GBX 1,776 ($23.21) per share, for a total transaction of £22,200 ($29,008.23). Also, insider Mark Williamson acquired 1,489 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of GBX 2,121 ($27.71) per share, for a total transaction of £31,581.69 ($41,267.07).
Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.
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