Goldman Sachs Group set a GBX 3,740 ($50.09) price target on Imperial Brands (LON:IMB) in a report issued on Wednesday. The brokerage currently has a buy rating on the stock.

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.

Analyst Recommendations for Imperial Brands (LON:IMB)

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