Imperial Brands PLC (LON:IMB) had its target price increased by J P Morgan Chase & Co from GBX 3,230 ($42.48) to GBX 3,275 ($43.08) in a research report sent to investors on Tuesday morning. They currently have a neutral rating on the stock.
Several other brokerages have also issued reports on IMB. Barclays PLC set a GBX 4,300 ($56.56) target price on Imperial Brands PLC and gave the company a buy rating in a research note on Wednesday, September 6th. Deutsche Bank AG set a GBX 4,100 ($53.93) price target on Imperial Brands PLC and gave the company a buy rating in a research report on Wednesday, August 30th. Royal Bank Of Canada upgraded Imperial Brands PLC to an outperform rating and lifted their price target for the company from GBX 3,500 ($46.03) to GBX 3,600 ($47.35) in a research report on Monday, August 21st. The Goldman Sachs Group, Inc. reduced their price target on Imperial Brands PLC from GBX 4,370 ($57.48) to GBX 4,000 ($52.61) and set a conviction-buy rating for the company in a research report on Thursday, August 3rd. Finally, Citigroup Inc. set a GBX 3,800 ($49.98) price target on Imperial Brands PLC and gave the company a neutral rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Imperial Brands PLC has a consensus rating of Buy and a consensus target price of GBX 3,926.56 ($51.64).
Shares of Imperial Brands PLC (IMB) opened at GBX 3,049 ($40.10) on Tuesday. Imperial Brands PLC has a one year low of GBX 3,019 ($39.71) and a one year high of GBX 3,956.50 ($52.04).
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The company also recently disclosed a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be issued a GBX 59.51 ($0.78) dividend. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.
In other news, insider Simon Langelier acquired 31 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average cost of GBX 3,258 ($42.85) per share, for a total transaction of £1,009.98 ($1,328.40).
Imperial Brands PLC Company Profile
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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