Zacks Investment Research Upgrades Imperial Brands (OTCMKTS:IMBBY) to “Hold”

Zacks Investment Research upgraded shares of Imperial Brands (OTCMKTS:IMBBY) from a sell rating to a hold rating in a report issued on Thursday, January 18th.

According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “

Other research analysts have also recently issued research reports about the company. Morgan Stanley cut Imperial Brands from an overweight rating to an equal weight rating in a research report on Monday, December 11th. UBS Group cut Imperial Brands from a buy rating to a neutral rating in a research report on Monday, November 13th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Imperial Brands in a research report on Wednesday, September 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $51.42.

Shares of Imperial Brands (OTCMKTS:IMBBY) traded up $0.20 during midday trading on Thursday, hitting $37.39. The stock had a trading volume of 132,151 shares, compared to its average volume of 271,498. Imperial Brands has a 1 year low of $36.35 and a 1 year high of $50.43. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.30 and a current ratio of 0.63.

The business also recently disclosed a None dividend, which will be paid on Thursday, April 5th. Investors of record on Friday, February 23rd will be issued a dividend of $0.802 per share. The ex-dividend date is Thursday, February 22nd.

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About Imperial Brands

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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