Imperial Brands (IMB) Stock Rating Reaffirmed by Royal Bank Of Canada
Royal Bank Of Canada reiterated their outperform rating on shares of Imperial Brands (LON:IMB) in a research note published on Wednesday. The brokerage currently has a GBX 3,400 ($45.53) price target on the stock.
A number of other analysts also recently issued reports on IMB. Citigroup reaffirmed a neutral rating on shares of Imperial Brands in a report on Wednesday. Goldman Sachs Group reaffirmed a conviction-buy rating and set a GBX 3,770 ($50.49) price target (up previously from GBX 3,770 ($50.49)) on shares of Imperial Brands in a report on Friday, November 24th. Jefferies Group reaffirmed a buy rating and set a GBX 3,600 ($48.21) price target on shares of Imperial Brands in a report on Friday, November 17th. J P Morgan Chase & Co raised their price target on shares of Imperial Brands from GBX 3,230 ($43.26) to GBX 3,275 ($43.86) and gave the company a neutral rating in a report on Tuesday, November 14th. Finally, UBS set a GBX 3,300 ($44.19) price target on shares of Imperial Brands and gave the company a neutral rating in a report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Imperial Brands currently has an average rating of Buy and an average target price of GBX 3,910.31 ($52.37).
Shares of Imperial Brands (LON IMB) opened at GBX 3,068.79 ($41.10) on Wednesday. Imperial Brands has a 1 year low of GBX 3,015.50 ($40.38) and a 1 year high of GBX 3,956.50 ($52.99).
Imperial Brands (LON:IMB) last announced its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.58) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 264.40 ($3.54) by GBX 2.60 ($0.03). Imperial Brands had a net margin of 4.83% and a return on equity of 25.54%. The company had revenue of GBX 3,024.70 billion for the quarter.
The firm also recently disclosed a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be paid a GBX 59.51 ($0.80) dividend. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.
In other Imperial Brands news, insider Simon Langelier acquired 31 shares of the stock in a transaction dated Monday, September 18th. The shares were purchased at an average price of GBX 3,258 ($43.63) per share, for a total transaction of £1,009.98 ($1,352.59).
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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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