Imperial Brands PLC (IMB) Sets New 52-Week Low at $3,015.50

Imperial Brands PLC (LON:IMB)’s share price reached a new 52-week low on Monday . The stock traded as low as GBX 3,015.50 ($39.66) and last traded at GBX 3,036.05 ($39.93), with a volume of 1300994 shares trading hands. The stock had previously closed at GBX 3,036.05 ($39.93).

Several research firms recently weighed in on IMB. Deutsche Bank AG set a GBX 4,100 ($53.93) price objective on Imperial Brands PLC and gave the company a “buy” rating in a research note on Wednesday, August 30th. J P Morgan Chase & Co increased their target price on Imperial Brands PLC from GBX 3,600 ($47.35) to GBX 3,770 ($49.59) and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada upgraded Imperial Brands PLC to an “outperform” rating and increased their target price for the company from GBX 3,500 ($46.03) to GBX 3,600 ($47.35) in a report on Monday, August 21st. Goldman Sachs Group, Inc. (The) lowered their target price on Imperial Brands PLC from GBX 4,370 ($57.48) to GBX 4,000 ($52.61) and set a “conviction-buy” rating on the stock in a report on Thursday, August 3rd. Finally, Citigroup Inc. set a GBX 3,800 ($49.98) target price on Imperial Brands PLC and gave the company a “neutral” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 3,926.56 ($51.64).

Imperial Brands PLC (LON:IMB) last posted its quarterly earnings data on Tuesday, November 7th. The company reported GBX 267 ($3.51) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 264.40 ($3.48) by GBX 2.60 ($0.03). Imperial Brands PLC had a return on equity of 25.54% and a net margin of 4.83%. The business had revenue of GBX 3,024.70 billion for the quarter.

The firm also recently disclosed a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be issued a dividend of GBX 59.51 ($0.78) per share. This represents a dividend yield of 1.87%. The ex-dividend date is Thursday, February 22nd.

In other Imperial Brands PLC news, insider Simon Langelier acquired 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 ($42.85) per share, for a total transaction of £1,009.98 ($1,328.40).

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Imperial Brands PLC 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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