UBS Group Reaffirms Neutral Rating for Imperial Brands (LON:IMB)

UBS Group reaffirmed their neutral rating on shares of Imperial Brands (LON:IMB) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 1,790 ($23.39) target price on the stock, down from their previous target price of GBX 1,900 ($24.83).

A number of other analysts have also recently weighed in on IMB. Credit Suisse Group lowered their price objective on Imperial Brands from GBX 3,300 ($43.12) to GBX 3,000 ($39.20) and set an outperform rating for the company in a research report on Wednesday. Royal Bank of Canada restated an underperform rating on shares of Imperial Brands in a research note on Thursday. Barclays restated an overweight rating on shares of Imperial Brands in a research note on Wednesday, September 25th. Liberum Capital restated a buy rating on shares of Imperial Brands in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. set a GBX 2,100 ($27.44) target price on Imperial Brands and gave the stock a neutral rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 2,527.73 ($33.03).

Imperial Brands stock opened at GBX 1,774 ($23.18) on Thursday. The company has a debt-to-equity ratio of 241.51, a current ratio of 0.68 and a quick ratio of 0.32. The stock has a market capitalization of $16.84 billion and a price-to-earnings ratio of 10.92. Imperial Brands has a 1-year low of GBX 1,670 ($21.82) and a 1-year high of GBX 2,789 ($36.44). The business has a fifty day moving average price of GBX 1,844.89 and a 200-day moving average price of GBX 2,044.05.

The company also recently announced a dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 21st will be paid a GBX 72.01 ($0.94) dividend. This is a positive change from Imperial Brands’s previous dividend of $72.00. The ex-dividend date is Friday, February 21st. This represents a yield of 4.14%. Imperial Brands’s dividend payout ratio (DPR) is 0.77%.

In other news, insider Oliver Tant bought 1,250 shares of Imperial Brands stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of GBX 1,776 ($23.21) per share, for a total transaction of £22,200 ($29,008.23). Also, insider Mark Williamson bought 1,489 shares of Imperial Brands stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of GBX 2,121 ($27.71) per share, with a total value of £31,581.69 ($41,267.07).

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

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Analyst Recommendations for Imperial Brands (LON:IMB)

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