Imperial Brands PLC (IMB) PT Set at GBX 3,750 by Morgan Stanley

Morgan Stanley set a GBX 3,750 ($49.99) price objective on Imperial Brands PLC (LON:IMB) in a research note issued to investors on Wednesday, November 8th. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the company. Whitman Howard reissued a buy rating and issued a GBX 5,100 ($67.99) price target on shares of Imperial Brands in a report on Thursday, July 20th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 3,230 ($43.06) target price on shares of Imperial Brands in a report on Friday, October 20th. Barclays PLC set a GBX 4,300 ($57.33) target price on Imperial Brands and gave the stock a buy rating in a report on Wednesday, September 6th. S&P Global set a GBX 4,200 ($55.99) target price on Imperial Brands and gave the stock a buy rating in a report on Friday, October 13th. Finally, UBS AG set a GBX 3,900 ($51.99) target price on Imperial Brands and gave the stock a buy rating in a report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 3,918.44 ($52.24).

Shares of Imperial Brands (LON:IMB) opened at GBX 3,123 ($41.63) on Wednesday. Imperial Brands has a 12 month low of GBX 3,015.50 ($40.20) and a 12 month high of GBX 3,956.50 ($52.75).

Imperial Brands (LON:IMB) last issued its quarterly earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.56) EPS for the quarter, beating analysts’ consensus estimates of GBX 264.40 ($3.52) by GBX 2.60 ($0.03). The firm had revenue of GBX 3,024.70 billion during the quarter. Imperial Brands had a return on equity of 25.54% and a net margin of 4.83%.

The company also recently declared a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be given a dividend of GBX 59.51 ($0.79) per share. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.

In related news, insider Simon Langelier acquired 31 shares of Imperial Brands stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of GBX 3,258 ($43.43) per share, with a total value of £1,009.98 ($1,346.46).

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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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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