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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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