Imperial Brands PLC (LON:IMB) Insider Stefan Bomhard Sells 40,168 Shares of Stock

Imperial Brands PLC (LON:IMB – Get Rating) insider Stefan Bomhard sold 40,168 shares of Imperial Brands stock in a transaction on Thursday, May 18th. The stock was sold at an average price of GBX 1,801 ($22.56), for a total transaction of £723,425.68 ($906,207.79).

Imperial Brands Stock Performance

Shares of Imperial Brands stock opened at GBX 1,787.50 ($22.39) on Friday. The stock’s 50-day moving average is GBX 1,902.12 and its 200-day moving average is GBX 2,006.57. Imperial Brands PLC has a one year low of GBX 1,736.50 ($21.75) and a one year high of GBX 2,185 ($27.37). The firm has a market cap of £16.46 billion, a price-to-earnings ratio of 1,083.33, a price-to-earnings-growth ratio of 0.72 and a beta of 0.37. The company has a debt-to-equity ratio of 137.71, a current ratio of 0.80 and a quick ratio of 0.41.

Imperial Brands Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 17th will be paid a dividend of GBX 21.59 ($0.27) per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 1.15%. Imperial Brands’s dividend payout ratio is currently 8,545.45%.

Wall Street Analysts Forecast Growth

IMB has been the topic of several recent analyst reports. Barclays reiterated an “overweight” rating and set a GBX 2,500 ($31.32) target price on shares of Imperial Brands in a report on Wednesday. Jefferies Financial Group restated a “hold” rating and set a GBX 1,993 ($24.97) target price on shares of Imperial Brands in a report on Wednesday, April 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,303 ($28.85).

Imperial Brands Company Profile

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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.