Imperial Brands PLC (LON:IMB) had its target price cut by Goldman Sachs Group Inc from GBX 4,130 ($53.31) to GBX 4,070 ($52.54) in a research note issued to investors on Thursday, May 4th. They currently have a buy rating on the stock.
IMB has been the subject of a number of other research reports. Barclays PLC dropped their price objective on Imperial Brands PLC from GBX 4,500 ($58.09) to GBX 4,300 ($55.51) and set an overweight rating for the company in a research note on Monday, January 23rd. Deutsche Bank AG dropped their price target on Imperial Brands PLC from GBX 4,350 ($56.15) to GBX 4,100 ($52.92) and set a buy rating for the company in a research note on Thursday, May 4th. Whitman Howard reissued a buy rating and set a GBX 5,100 ($65.83) price target on shares of Imperial Brands PLC in a research note on Thursday, February 23rd. Berenberg Bank reissued a buy rating and set a GBX 3,543 ($45.73) price target (down from GBX 4,280 ($55.25)) on shares of Imperial Brands PLC in a research note on Wednesday, January 4th. Finally, Credit Suisse Group AG raised Imperial Brands PLC to an outperform rating and increased their price target for the company from GBX 3,800 ($49.05) to GBX 4,150 ($53.57) in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 4,165 ($53.76).
Shares of Imperial Brands PLC (LON:IMB) traded up 0.71% on Thursday, reaching GBX 3670.00. The company’s stock had a trading volume of 1,590,307 shares. The stock’s market cap is GBX 35.02 billion. The firm’s 50-day moving average price is GBX 3,784.56 and its 200-day moving average price is GBX 3,682.93. Imperial Brands PLC has a 12 month low of GBX 3,324.00 and a 12 month high of GBX 4,154.00.
The firm also recently disclosed a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 17th will be given a GBX 25.85 ($0.33) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 0.68%.
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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