Insider Selling: Imperial Brands PLC (LON:IMB) Insider Sells 11,970 Shares of Stock

Imperial Brands PLC (LON:IMB – Get Rating) insider Stefan Bomhard sold 11,970 shares of Imperial Brands stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of GBX 1,818 ($22.27), for a total value of £217,614.60 ($266,553.90).

IMB opened at GBX 1,810 ($22.17) on Friday. The stock has a 50-day moving average price of GBX 1,745.59 and a 200-day moving average price of GBX 1,687.32. The company has a debt-to-equity ratio of 168.69, a current ratio of 0.71 and a quick ratio of 0.28. The firm has a market cap of £17.20 billion and a PE ratio of 8.53. Imperial Brands PLC has a 1 year low of GBX 1,434.23 ($17.57) and a 1 year high of GBX 1,888 ($23.13).

The firm also recently disclosed a dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, August 18th will be issued a GBX 21.27 ($0.26) dividend. The ex-dividend date is Thursday, August 18th. This represents a yield of 1.24%. Imperial Brands’s payout ratio is 0.65%.

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Imperial Brands from GBX 2,000 ($24.50) to GBX 2,250 ($27.56) and gave the company an “overweight” rating in a research report on Wednesday, May 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Imperial Brands from GBX 2,100 ($25.72) to GBX 2,250 ($27.56) and gave the stock a “buy” rating in a report on Tuesday, May 17th. Morgan Stanley restated an “equal weight” rating on shares of Imperial Brands in a report on Wednesday, May 11th. Barclays raised their price target on Imperial Brands from GBX 2,100 ($25.72) to GBX 2,300 ($28.17) and gave the stock an “overweight” rating in a research note on Tuesday, May 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,200 ($26.95) price target on shares of Imperial Brands in a research note on Wednesday, June 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Imperial Brands presently has an average rating of “Moderate Buy” and an average target price of GBX 2,188 ($26.80).

Imperial Brands Company Profile (Get Rating)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and next generation product (NGP) portfolio, such as e-vapour products, oral nicotine, and heated tobacco products.

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