Imperial Brands’ (IMB) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Imperial Brands (LON:IMB – Get Rating) in a report released on Monday, Digital Look reports. The brokerage currently has a GBX 2,200 ($27.36) target price on the stock.

Other equities analysts have also recently issued reports about the company. Barclays restated an overweight rating and set a GBX 2,500 ($31.09) target price on shares of Imperial Brands in a report on Wednesday, May 17th. Jefferies Financial Group restated a hold rating and set a GBX 1,993 ($24.79) target price on shares of Imperial Brands in a report on Wednesday, April 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Imperial Brands has an average rating of Moderate Buy and a consensus price target of GBX 2,278 ($28.33).

Imperial Brands Stock Down 3.0 %

Shares of IMB opened at GBX 1,722 ($21.42) on Monday. The company has a market capitalization of £15.86 billion, a PE ratio of 1,043.64, a price-to-earnings-growth ratio of 0.72 and a beta of 0.37. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 137.71. Imperial Brands has a 52-week low of GBX 1,722 ($21.42) and a 52-week high of GBX 2,185 ($27.18). The stock has a fifty day simple moving average of GBX 1,893.11 and a two-hundred day simple moving average of GBX 1,997.72.

Imperial Brands Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 17th will be issued a GBX 21.59 ($0.27) dividend. This represents a yield of 1.15%. The ex-dividend date is Thursday, August 17th. Imperial Brands’s dividend payout ratio (DPR) is 8,545.45%.

Insider Buying and Selling at Imperial Brands

In related news, insider Stefan Bomhard sold 40,168 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of GBX 1,801 ($22.40), for a total transaction of £723,425.68 ($899,783.18). 6.33% of the stock is owned by corporate insiders.

Imperial Brands Company Profile

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Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut tobacco, rolling papers, cigars, and traditional oral tobacco; and next generation product (NGP) portfolio, such as e-vapour products, oral nicotine, and heated tobacco products.