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).
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.
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