Goldman Sachs Group Inc Reaffirms “Conviction-Buy” Rating for Imperial Brands PLC (IMB)
Goldman Sachs Group Inc reissued their conviction-buy rating on shares of Imperial Brands PLC (LON:IMB) in a research report sent to investors on Friday. Goldman Sachs Group Inc currently has a GBX 3,770 ($49.59) price objective on the stock, up from their prior price objective of GBX 3,770 ($49.59).
Several other equities research analysts also recently issued reports on IMB. Deutsche Bank AG reiterated a buy rating and issued a GBX 4,100 ($53.93) target price on shares of Imperial Brands in a research note on Monday, July 31st. J P Morgan Chase & Co restated a neutral rating and set a GBX 3,770 ($49.59) price objective on shares of Imperial Brands in a research report on Monday, July 31st. Whitman Howard restated a buy rating and set a GBX 5,100 ($67.08) price objective on shares of Imperial Brands in a research report on Monday, July 31st. Citigroup Inc. set a GBX 3,800 ($49.98) price objective on shares of Imperial Brands and gave the stock a neutral rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada upgraded shares of Imperial Brands to an outperform rating and raised their price objective for the stock from GBX 3,500 ($46.03) to GBX 3,600 ($47.35) in a research report on Monday, August 21st. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Imperial Brands has an average rating of Buy and a consensus price target of GBX 3,918.44 ($51.54).
Shares of Imperial Brands (LON:IMB) opened at GBX 3,127 ($41.13) on Friday. Imperial Brands has a one year low of GBX 3,015.50 ($39.66) and a one year high of GBX 3,956.50 ($52.04).
Imperial Brands (LON:IMB) last issued its earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.51) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 264.40 ($3.48) by GBX 2.60 ($0.03). Imperial Brands had a net margin of 4.83% and a return on equity of 25.54%. The business had revenue of GBX 3,024.70 billion during the quarter.
The company also recently disclosed a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, February 22nd will be paid a GBX 59.51 ($0.78) dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a yield of 1.87%.
In other news, insider Simon Langelier acquired 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 ($42.85) per share, with a total value of £1,009.98 ($1,328.40).
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Imperial Brands Company Profile
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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