Liberum Capital reiterated their buy rating on shares of Imperial Brands (LON:IMB) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports.
IMB has been the topic of several other reports. Deutsche Bank reaffirmed a buy rating on shares of Imperial Brands in a report on Thursday, March 28th. UBS Group reaffirmed a neutral rating on shares of Imperial Brands in a report on Thursday, March 28th. Barclays dropped their price objective on shares of Imperial Brands from GBX 3,350 ($43.77) to GBX 3,000 ($39.20) and set an overweight rating on the stock in a report on Thursday, May 23rd. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 2,900 ($37.89) price objective on shares of Imperial Brands in a report on Tuesday, May 7th. Finally, Credit Suisse Group dropped their price objective on shares of Imperial Brands from GBX 3,350 ($43.77) to GBX 3,300 ($43.12) and set an outperform rating on the stock in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 3,029.29 ($39.58).
IMB stock opened at GBX 1,988.60 ($25.98) on Thursday. The firm has a market capitalization of $19.08 billion and a PE ratio of 12.24. The company has a current ratio of 0.68, a quick ratio of 0.32 and a debt-to-equity ratio of 241.51. Imperial Brands has a 12 month low of GBX 1,861 ($24.32) and a 12 month high of GBX 3,009 ($39.32).
The company also recently announced a dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, August 22nd will be paid a GBX 31.28 ($0.41) dividend. This represents a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 22nd. Imperial Brands’s dividend payout ratio is currently 0.77%.
In related news, insider Matthew Phillips sold 4,235 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of GBX 2,640 ($34.50), for a total value of £111,804 ($146,091.73).
Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.
Further Reading: Strike Price
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