A number of other equities research analysts also recently weighed in on the company. Goldman Sachs reissued a conviction-buy rating and set a GBX 3,670 ($49.78) target price on shares of Imperial Brands in a research report on Wednesday, February 7th. Societe Generale set a GBX 4,500 ($61.04) price target on shares of Imperial Brands and gave the stock a buy rating in a research note on Thursday, February 8th. Berenberg Bank restated a buy rating and set a GBX 3,765 ($51.07) price target on shares of Imperial Brands in a research note on Friday, March 16th. Deutsche Bank restated a buy rating and set a GBX 3,400 ($46.12) price target on shares of Imperial Brands in a research note on Wednesday, February 14th. Finally, Investec restated a buy rating and set a GBX 4,360 ($59.14) price target on shares of Imperial Brands in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Imperial Brands currently has an average rating of Buy and an average target price of GBX 3,610 ($48.97).
IMB stock opened at GBX 2,778 ($37.68) on Thursday. Imperial Brands has a twelve month low of GBX 2,447 ($33.19) and a twelve month high of GBX 3,956.50 ($53.67).
Imperial Brands (LON:IMB) last released its earnings results on Wednesday, May 9th. The company reported GBX 114.30 ($1.55) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 113.90 ($1.55) by GBX 0.40 ($0.01). Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%.
The company also recently announced a dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, August 23rd will be paid a GBX 28.44 ($0.39) dividend. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, August 23rd.
In other news, insider Oliver Tant bought 2,546 shares of the business’s stock in a transaction dated Wednesday, May 9th. The stock was bought at an average price of GBX 2,764 ($37.49) per share, for a total transaction of £70,371.44 ($95,457.73). Also, insider Alison Cooper sold 26,821 shares of Imperial Brands stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of GBX 2,385 ($32.35), for a total transaction of £639,680.85 ($867,716.83).
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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