Imperial Brands PLC (IMB) Earns Neutral Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their neutral rating on shares of Imperial Brands PLC (LON:IMB) in a research note released on Wednesday. J P Morgan Chase & Co currently has a GBX 3,230 ($42.48) price objective on the stock.
IMB has been the subject of a number of other reports. Deutsche Bank AG reissued a buy rating and issued a GBX 3,700 ($48.67) target price on shares of Imperial Brands PLC in a research report on Wednesday. Whitman Howard reissued a buy rating and issued a GBX 5,100 ($67.08) target price on shares of Imperial Brands PLC in a research report on Monday, July 31st. Beaufort Securities reissued a long term buy rating and issued a GBX 3,450 ($45.38) target price on shares of Imperial Brands PLC in a research report on Tuesday. Royal Bank of Canada raised Imperial Brands PLC to an outperform rating and raised their target price for the stock from GBX 3,500 ($46.03) to GBX 3,600 ($47.35) in a research report on Monday, August 21st. Finally, Jefferies Group LLC decreased their target price on Imperial Brands PLC from GBX 4,200 ($55.24) to GBX 4,100 ($53.93) and set a buy rating for the company in a research report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 3,940 ($51.82).
Shares of Imperial Brands PLC (LON:IMB) traded up GBX 27.50 ($0.36) during trading on Wednesday, reaching GBX 3,181.50 ($41.85). The company had a trading volume of 3,272,410 shares, compared to its average volume of 2,160,000. 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 issued its quarterly earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.51) EPS for the quarter, topping the Zacks’ 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%.
The business also recently declared a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be given a GBX 59.51 ($0.78) dividend. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.
In related news, insider Simon Langelier purchased 31 shares of Imperial Brands PLC stock in a transaction dated Monday, September 18th. The stock was bought at an average cost of GBX 3,258 ($42.85) per share, for a total transaction of £1,009.98 ($1,328.40).
Imperial Brands PLC 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.
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