Imperial Brands PLC (IMB) Given Average Recommendation of “Buy” by Brokerages
Imperial Brands PLC (LON:IMB) has received an average recommendation of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 3,961.67 ($52.11).
Several equities research analysts recently commented on IMB shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Imperial Brands PLC in a report on Monday, July 31st. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 3,230 ($42.48) price target on shares of Imperial Brands PLC in a report on Friday, October 20th. Whitman Howard reissued a “buy” rating and set a GBX 5,100 ($67.08) target price on shares of Imperial Brands PLC in a research note on Monday, July 31st. Barclays PLC set a GBX 4,300 ($56.56) target price on Imperial Brands PLC and gave the stock a “buy” rating in a research note on Wednesday, September 6th. Finally, S&P Global set a GBX 4,200 ($55.24) target price on Imperial Brands PLC and gave the stock a “buy” rating in a research note on Friday, October 13th.
In related news, insider Simon Langelier purchased 31 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of GBX 3,258 ($42.85) per share, for a total transaction of £1,009.98 ($1,328.40).
Imperial Brands PLC (IMB) opened at GBX 3,135 ($41.23) on Thursday. Imperial Brands PLC has a 1 year low of GBX 3,019 ($39.71) and a 1 year high of GBX 3,956.50 ($52.04).
Imperial Brands PLC (LON:IMB) last released its earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.51) earnings per share for the quarter, beating the consensus estimate of GBX 264.40 ($3.48) by GBX 2.60 ($0.03). Imperial Brands PLC had a return on equity of 25.54% and a net margin of 4.83%. The business had revenue of GBX 3,024.70 billion for the quarter.
The company also recently announced a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be given a dividend of GBX 59.51 ($0.78) per share. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.
About Imperial Brands PLC
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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