Goldman Sachs Group Analysts Give Imperial Brands (IMB) a GBX 3,740 Price Target
Several other equities research analysts have also recently issued reports on IMB. Citigroup set a GBX 3,800 ($50.89) price target on shares of Imperial Brands and gave the stock a neutral rating in a research note on Thursday, August 3rd. Royal Bank Of Canada raised shares of Imperial Brands to an outperform rating and raised their price target for the stock from GBX 3,500 ($46.87) to GBX 3,600 ($48.21) in a research note on Monday, August 21st. J P Morgan Chase & Co raised their price target on shares of Imperial Brands from GBX 3,600 ($48.21) to GBX 3,770 ($50.49) and gave the stock a neutral rating in a research note on Wednesday, August 23rd. Deutsche Bank set a GBX 4,100 ($54.91) price target on shares of Imperial Brands and gave the stock a buy rating in a research note on Wednesday, August 30th. Finally, Jefferies Group decreased their price target on shares of Imperial Brands from GBX 4,200 ($56.25) to GBX 4,100 ($54.91) and set a buy rating on the stock in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Imperial Brands has an average rating of Buy and an average target price of GBX 3,910.31 ($52.37).
Shares of Imperial Brands (IMB) opened at GBX 3,068.79 ($41.10) on Wednesday. Imperial Brands has a 12 month low of GBX 3,015.50 ($40.38) and a 12 month high of GBX 3,956.50 ($52.99).
Imperial Brands (LON:IMB) last released its quarterly earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.58) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 264.40 ($3.54) by GBX 2.60 ($0.03). Imperial Brands had a net margin of 4.83% and a return on equity of 25.54%. The company had revenue of GBX 3,024.70 billion for the quarter.
The firm also recently declared a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, February 22nd will be issued a GBX 59.51 ($0.80) dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a yield of 1.87%.
In other Imperial Brands news, insider Simon Langelier purchased 31 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of GBX 3,258 ($43.63) per share, for a total transaction of £1,009.98 ($1,352.59).
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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.
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