Imperial Brands PLC (LON:IMB) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Imperial Brands PLC (LON:IMBGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,365 ($29.28).

A number of equities analysts have weighed in on the company. Barclays reissued an “overweight” rating and set a GBX 2,500 ($30.95) price target on shares of Imperial Brands in a research report on Friday, October 7th. Citigroup reaffirmed a “neutral” rating and issued a GBX 2,300 ($28.48) target price on shares of Imperial Brands in a research report on Friday, November 11th. Royal Bank of Canada reaffirmed an “overweight” rating and issued a GBX 2,350 ($29.09) target price on shares of Imperial Brands in a research report on Friday, November 18th. Deutsche Bank Aktiengesellschaft upped their target price on Imperial Brands from GBX 2,250 ($27.86) to GBX 2,325 ($28.79) and gave the company a “buy” rating in a research report on Friday, November 25th. Finally, JPMorgan Chase & Co. upped their target price on Imperial Brands from GBX 2,250 ($27.86) to GBX 2,350 ($29.09) and gave the company an “overweight” rating in a research report on Monday, October 10th.

Imperial Brands Price Performance

LON:IMB opened at GBX 2,042 ($25.28) on Wednesday. The company has a debt-to-equity ratio of 137.71, a quick ratio of 0.41 and a current ratio of 0.80. The stock’s 50-day simple moving average is GBX 2,081.53 and its 200 day simple moving average is GBX 1,987.67. The company has a market cap of £19.14 billion and a P/E ratio of 1,237.15. Imperial Brands has a 52-week low of GBX 1,434.23 ($17.76) and a 52-week high of GBX 2,185 ($27.05).

Imperial Brands Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, February 16th will be paid a GBX 49.31 ($0.61) dividend. This represents a dividend yield of 2.42%. This is a boost from Imperial Brands’s previous dividend of $21.27. The ex-dividend date is Thursday, February 16th. Imperial Brands’s dividend payout ratio is presently 84.55%.

About Imperial Brands

(Get Rating)

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

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Analyst Recommendations for Imperial Brands (LON:IMB)

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