Imperial Brands PLC (IMB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Imperial Brands PLC (LON:IMB) have been given a consensus rating of “Buy” by the sixteen analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 3,946.79 ($53.12).

Several analysts have weighed in on the stock. Berenberg Bank dropped their price objective on shares of Imperial Brands from GBX 3,780 ($50.87) to GBX 3,765 ($50.67) and set a “buy” rating for the company in a research note on Wednesday, December 13th. Morgan Stanley set a GBX 3,400 ($45.76) price objective on shares of Imperial Brands and gave the stock a “neutral” rating in a research note on Monday, December 11th. Goldman Sachs Group set a GBX 3,740 ($50.34) price objective on shares of Imperial Brands and gave the stock a “buy” rating in a research note on Monday, December 11th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Imperial Brands in a research note on Tuesday, December 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 3,400 ($45.76) price objective on shares of Imperial Brands in a research note on Wednesday, November 29th.

Shares of Imperial Brands (IMB) opened at GBX 3,085 ($41.52) on Monday. Imperial Brands has a 12 month low of GBX 3,013 ($40.55) and a 12 month high of GBX 3,956.50 ($53.25).

Imperial Brands (LON:IMB) last announced its earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.59) EPS for the quarter, topping the consensus estimate of GBX 264.40 ($3.56) by GBX 2.60 ($0.03). Imperial Brands had a net margin of 4.75% and a return on equity of 26.82%. The business had revenue of GBX 3,024.70 billion during the quarter.

The company also recently announced a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be given a GBX 59.51 ($0.80) dividend. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.

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Imperial Brands 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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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