Shares of Imperial Brands PLC (LON:IMB) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 3,193.33 ($41.73).

Several brokerages have recently weighed in on IMB. Jefferies Financial Group raised their price objective on Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the company a “buy” rating in a report on Wednesday, October 17th. Deutsche Bank restated a “buy” rating and issued a GBX 3,400 ($44.43) price objective on shares of Imperial Brands in a report on Tuesday, October 9th. Citigroup decreased their price objective on Imperial Brands from GBX 2,900 ($37.89) to GBX 2,700 ($35.28) and set a “neutral” rating for the company in a report on Thursday, September 27th. Credit Suisse Group restated an “outperform” rating on shares of Imperial Brands in a report on Thursday, August 23rd. Finally, UBS Group restated a “neutral” rating on shares of Imperial Brands in a report on Tuesday, November 6th.

In other Imperial Brands news, insider Oliver Tant purchased 5,386 shares of Imperial Brands stock in a transaction that occurred on Thursday, September 20th. The stock was acquired at an average price of GBX 2,586 ($33.79) per share, for a total transaction of £139,281.96 ($181,996.55). Also, insider Simon Langelier purchased 225 shares of Imperial Brands stock in a transaction that occurred on Wednesday, September 12th. The shares were acquired at an average price of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42).

Shares of LON IMB traded down GBX 60 ($0.78) during mid-day trading on Thursday, hitting GBX 2,630 ($34.37). The company had a trading volume of 4,400,322 shares, compared to its average volume of 2,680,000. Imperial Brands has a one year low of GBX 2,447 ($31.97) and a one year high of GBX 3,956.50 ($51.70).

The firm also recently declared a dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 21st will be issued a dividend of GBX 65.46 ($0.86) per share. This represents a yield of 2.47%. The ex-dividend date is Thursday, February 21st.

Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.

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Analyst Recommendations for Imperial Brands (LON:IMB)

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