Imperial Brands (IMB) Reaches New 12-Month Low at $3,013.00

Imperial Brands PLC (LON:IMB) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 3,013 ($40.55) and last traded at GBX 3,086 ($41.53), with a volume of 1816207 shares changing hands. The stock had previously closed at GBX 3,035 ($40.85).

Several brokerages recently weighed in on IMB. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Imperial Brands in a research report on Tuesday. Jefferies Group reduced their price target on Imperial Brands from GBX 4,200 ($56.53) to GBX 4,100 ($55.18) and set a “buy” rating for the company in a research report on Wednesday, September 6th. Whitman Howard reiterated a “buy” rating and set a GBX 5,100 ($68.64) price target on shares of Imperial Brands in a research report on Friday, September 15th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 4,150 ($55.85) price target on shares of Imperial Brands in a research report on Monday, September 11th. Finally, Citigroup set a GBX 3,400 ($45.76) price objective on Imperial Brands and gave the company a “neutral” rating in a research report on Friday, September 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 3,910.31 ($52.63).

Imperial Brands (LON:IMB) last released its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.59) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 264.40 ($3.56) by GBX 2.60 ($0.03). The company had revenue of GBX 3,024.70 billion for the quarter. Imperial Brands had a return on equity of 26.82% and a net margin of 4.75%.

The business also recently disclosed a dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, February 22nd will be paid a dividend of GBX 59.51 ($0.80) per share. This represents a yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.

In other Imperial Brands news, insider Simon Langelier purchased 31 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of GBX 3,258 ($43.85) per share, with a total value of £1,009.98 ($1,359.33).

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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.

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