Imperial Brands (LON:IMB) Hits New 12-Month High at $1,688.00

Imperial Brands PLC (LON:IMB) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,688 ($22.91) and last traded at GBX 1,686.58 ($22.89), with a volume of 335859 shares traded. The stock had previously closed at GBX 1,661 ($22.55).

Several research analysts have commented on IMB shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,100 ($28.51) target price on shares of Imperial Brands in a research report on Friday, November 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,100 ($28.51) price target on shares of Imperial Brands in a research note on Wednesday, November 17th. Barclays reaffirmed an “overweight” rating and issued a GBX 2,100 ($28.51) price target on shares of Imperial Brands in a research note on Tuesday, November 16th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Imperial Brands in a research note on Monday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 1,933.20 ($26.24).

The firm has a market capitalization of £16.18 billion and a price-to-earnings ratio of 5.67. The firm’s 50 day moving average is GBX 1,595.18 and its 200 day moving average is GBX 1,570.49. The company has a quick ratio of 0.39, a current ratio of 0.76 and a debt-to-equity ratio of 170.14.

The firm also recently announced a dividend, which will be paid on Thursday, March 31st. Investors of record on Thursday, February 17th will be paid a dividend of GBX 48.48 ($0.66) per share. This represents a yield of 3.03%. The ex-dividend date is Thursday, February 17th. Imperial Brands’s dividend payout ratio is presently 0.46%.

In other Imperial Brands news, insider Simon Langelier bought 47 shares of the business’s stock in a transaction that occurred on Thursday, January 6th. The stock was acquired at an average cost of GBX 1,639 ($22.25) per share, with a total value of £770.33 ($1,045.65).

Imperial Brands Company Profile (LON:IMB)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and next generation product (NGP) portfolio, such as e-vapour products, as well as oral nicotine and heated tobacco products.

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