Imperial Brands’ (IMB) “Overweight” Rating Reaffirmed at Barclays

Barclays restated their overweight rating on shares of Imperial Brands (LON:IMB) in a research note issued to investors on Wednesday morning, Stock Target Advisor reports.

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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Analyst Recommendations for Imperial Brands (LON:IMB)

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