UBS Group reiterated their neutral rating on shares of Imperial Brands (LON:IMB) in a research report report published on Tuesday morning, investing.thisismoney.co.uk reports.
IMB has been the topic of several other research reports. Jefferies Financial Group boosted their target price on Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the company 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. Morgan Stanley started coverage on Imperial Brands in a research note on Tuesday, September 18th. They issued an underweight rating and a GBX 2,755 ($36.00) target price on the stock. Goldman Sachs Group set a GBX 2,920 ($38.15) target price on Imperial Brands and gave the company a neutral rating in a research note on Tuesday, September 4th. Finally, Deutsche Bank restated a buy rating on shares of Imperial Brands in a research note on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Imperial Brands currently has a consensus rating of Hold and an average price target of GBX 3,204.33 ($41.87).
LON IMB traded up GBX 56 ($0.73) during trading on Tuesday, hitting GBX 2,750 ($35.93). The stock had a trading volume of 3,996,681 shares, compared to its average volume of 2,680,000. Imperial Brands has a 12 month low of GBX 2,447 ($31.97) and a 12 month high of GBX 3,956.50 ($51.70).
The business also recently disclosed a dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 21st will be paid a dividend of GBX 65.46 ($0.86) per share. This represents a dividend yield of 2.47%. The ex-dividend date is Thursday, February 21st.
In related news, insider Simon Langelier acquired 225 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were bought 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 acquired 5,386 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were bought at an average price of GBX 2,586 ($33.79) per share, for a total transaction 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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