Imperial Brands (LON:IMB) Price Target Cut to GBX 1,593 by Analysts at Morgan Stanley

Imperial Brands (LON:IMB) had its target price cut by Morgan Stanley from GBX 1,656 ($20.38) to GBX 1,593 ($19.60) in a research report report published on Tuesday morning, Stock Target Advisor reports. They currently have an underweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Citigroup restated a buy rating on shares of Imperial Brands in a report on Thursday, June 18th. UBS Group restated a neutral rating on shares of Imperial Brands in a report on Friday, May 15th. Societe Generale decreased their price objective on shares of Imperial Brands from GBX 2,100 ($25.84) to GBX 1,750 ($21.54) and set a buy rating for the company in a report on Friday, March 27th. Deutsche Bank reiterated a buy rating on shares of Imperial Brands in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Imperial Brands in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of GBX 1,858.45 ($22.87).

Shares of IMB opened at GBX 1,400 ($17.23) on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.76 and a debt-to-equity ratio of 295.16. The business has a fifty day moving average of GBX 1,509.92 and a 200 day moving average of GBX 1,651.50. The company has a market cap of $13.30 billion and a PE ratio of 15.58. Imperial Brands has a 52-week low of GBX 1,258.20 ($15.48) and a 52-week high of GBX 2,256 ($27.76).

Imperial Brands (LON:IMB) last announced its earnings results on Tuesday, May 19th. The company reported GBX 103 ($1.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 102.60 ($1.26) by GBX 0.40 ($0.00). As a group, research analysts anticipate that Imperial Brands will post 29079.002554 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be issued a GBX 20.85 ($0.26) dividend. The ex-dividend date is Thursday, August 20th. This represents a dividend yield of 1.38%. Imperial Brands’s dividend payout ratio is currently 92.02%.

Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

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Analyst Recommendations for Imperial Brands (LON:IMB)

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