Imperial Brands PLC (IMB) Given Average Rating of “Hold” by Analysts

Shares of Imperial Brands PLC (LON:IMB) have received a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 3,168.33 ($41.40).

IMB has been the subject of a number of research reports. Jefferies Financial Group raised their target price on shares of Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Liberum Capital restated a “buy” rating on shares of Imperial Brands in a research note on Tuesday, September 25th. Royal Bank of Canada dropped their price objective on shares of Imperial Brands from GBX 2,400 ($31.36) to GBX 2,300 ($30.05) and set an “underperform” rating for the company in a research note on Wednesday, November 7th. Barclays reiterated an “overweight” rating and issued a GBX 3,350 ($43.77) price objective on shares of Imperial Brands in a research note on Wednesday, November 7th. Finally, Morgan Stanley started coverage on shares of Imperial Brands in a research note on Tuesday, September 18th. They issued an “underweight” rating and a GBX 2,755 ($36.00) price objective for the company.

Shares of LON IMB traded down GBX 14 ($0.18) during mid-day trading on Monday, reaching GBX 2,337.50 ($30.54). 2,668,250 shares of the company were exchanged, compared to its average volume of 2,680,000. Imperial Brands has a twelve month low of GBX 2,447 ($31.97) and a twelve month high of GBX 3,956.50 ($51.70).

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

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

About Imperial Brands

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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