J P Morgan Chase & Co Raises Imperial Brands PLC (IMB) Price Target to GBX 3,275
Imperial Brands PLC (LON:IMB) had its price objective upped by J P Morgan Chase & Co from GBX 3,230 ($42.48) to GBX 3,275 ($43.08) in a research note published on Tuesday morning. They currently have a neutral rating on the stock.
Several other research firms have also weighed in on IMB. Royal Bank Of Canada reduced their price objective on Imperial Brands PLC from GBX 3,600 ($47.35) to GBX 3,500 ($46.03) and set an outperform rating on the stock in a research note on Tuesday, October 3rd. The Goldman Sachs Group, Inc. set a GBX 4,000 ($52.61) price objective on Imperial Brands PLC and gave the company a buy rating in a research note on Tuesday, October 10th. Jefferies Group LLC set a GBX 3,600 ($47.35) price objective on Imperial Brands PLC and gave the company a buy rating in a research note on Monday, October 2nd. Barclays PLC set a GBX 4,300 ($56.56) price objective on Imperial Brands PLC and gave the company a buy rating in a research note on Wednesday, September 6th. Finally, Citigroup Inc. reaffirmed a neutral rating on shares of Imperial Brands PLC in a research note on Wednesday, November 8th. Three investment 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. Imperial Brands PLC has a consensus rating of Buy and an average target price of GBX 3,926.56 ($51.64).
Imperial Brands PLC (IMB) traded down GBX 12 ($0.16) during midday trading on Tuesday, hitting GBX 3,049 ($40.10). The stock had a trading volume of 1,397,219 shares, compared to its average volume of 2,250,000. Imperial Brands PLC has a fifty-two week low of GBX 3,019 ($39.71) and a fifty-two week high of GBX 3,956.50 ($52.04).
Imperial Brands PLC (LON:IMB) last released its quarterly earnings data 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). The business had revenue of GBX 3,024.70 billion for the quarter. Imperial Brands PLC had a return on equity of 25.54% and a net margin of 4.83%.
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The firm also recently disclosed a dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, February 22nd will be issued a dividend of GBX 59.51 ($0.78) per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a yield of 1.87%.
In other Imperial Brands PLC news, insider Simon Langelier acquired 31 shares of the company’s stock in a transaction on Monday, September 18th. The shares were bought at an average cost of GBX 3,258 ($42.85) per share, for a total transaction of £1,009.98 ($1,328.40).
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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