Imperial Brands (IMB) Stock Rating Reaffirmed by Barclays

Barclays restated their overweight rating on shares of Imperial Brands (LON:IMB) in a research note published on Tuesday morning. They currently have a GBX 3,350 ($44.60) price objective on the stock.

A number of other analysts also recently issued reports on the company. Societe Generale reduced their price objective on Imperial Brands from GBX 4,500 ($59.91) to GBX 3,200 ($42.60) and set a buy rating on the stock in a research note on Thursday, June 7th. Royal Bank of Canada downgraded Imperial Brands to a sector performer rating and reduced their price objective for the stock from GBX 3,400 ($45.27) to GBX 2,800 ($37.28) in a research note on Friday, May 25th. Berenberg Bank reduced their price objective on Imperial Brands from GBX 3,765 ($50.13) to GBX 3,450 ($45.93) and set a buy rating on the stock in a research note on Friday, May 11th. JPMorgan Chase & Co. reduced their price objective on Imperial Brands from GBX 3,275 ($43.60) to GBX 2,700 ($35.95) and set a neutral rating on the stock in a research note on Thursday, May 10th. Finally, Citigroup lifted their target price on Imperial Brands from GBX 2,850 ($37.94) to GBX 2,900 ($38.61) and gave the stock a neutral rating in a report on Thursday, May 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Imperial Brands presently has a consensus rating of Buy and a consensus price target of GBX 3,469.38 ($46.19).

LON:IMB opened at GBX 2,626 ($34.96) on Tuesday. Imperial Brands has a 1 year low of GBX 2,447 ($32.58) and a 1 year high of GBX 3,956.50 ($52.68).

Imperial Brands (LON:IMB) last released its quarterly earnings data on Wednesday, May 9th. The company reported GBX 114.30 ($1.52) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 113.90 ($1.52) by GBX 0.40 ($0.01). Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%.

The business also recently announced a dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, August 23rd will be issued a GBX 28.44 ($0.38) dividend. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, August 23rd.

In other Imperial Brands news, insider Oliver Tant acquired 100 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The stock was bought at an average price of GBX 2,710 ($36.08) per share, for a total transaction of £2,710 ($3,608.04). Also, insider Alison Cooper sold 26,821 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of GBX 2,385 ($31.75), for a total value of £639,680.85 ($851,658.70).

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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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