Deutsche Bank Reaffirms Buy Rating for Imperial Brands (IMB)

Deutsche Bank reissued their buy rating on shares of Imperial Brands (LON:IMB) in a report released on Wednesday morning. Deutsche Bank currently has a GBX 3,400 ($44.43) price objective on the stock.

IMB has been the topic of a number of other reports. Jefferies Financial Group raised their price objective on shares of Imperial Brands from GBX 3,600 ($47.04) to GBX 3,800 ($49.65) and gave the company a buy rating in a report on Wednesday, October 17th. Liberum Capital restated a buy rating on shares of Imperial Brands in a report on Tuesday, September 25th. Morgan Stanley initiated coverage on shares of Imperial Brands in a report on Tuesday, September 18th. They issued an underweight rating and a GBX 2,755 ($36.00) price objective on the stock. Royal Bank of Canada reduced their price objective on shares of Imperial Brands from GBX 2,400 ($31.36) to GBX 2,300 ($30.05) and set an underperform rating on the stock in a report on Wednesday. Finally, Goldman Sachs Group set a GBX 2,920 ($38.15) price objective on shares of Imperial Brands and gave the company a neutral rating in a report on Tuesday, September 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 3,204.33 ($41.87).

Shares of IMB traded up GBX 56 ($0.73) during midday trading on Wednesday, reaching GBX 2,750 ($35.93). The stock had a trading volume of 3,996,681 shares, compared to its average volume of 2,680,000. Imperial Brands has a 1-year low of GBX 2,447 ($31.97) and a 1-year high of GBX 3,956.50 ($51.70).

The business also recently announced a dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 21st will be given a GBX 65.46 ($0.86) dividend. This represents a dividend yield of 2.47%. The ex-dividend date is Thursday, February 21st.

In related news, insider Simon Langelier bought 225 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were purchased at an average cost of GBX 2,644 ($34.55) per share, with a total value of £5,949 ($7,773.42). Also, insider Oliver Tant bought 5,386 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was bought at an average cost of GBX 2,586 ($33.79) per share, for a total transaction of £139,281.96 ($181,996.55).

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, markets, and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, and cigars; smokeless tobacco, including snus; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Fine, News, Winston, Bastos, Lambert & Butler, and Parker & Simpson; and specialist brands consisting of blu, Gitanes, Kool, Golden Virginia, Drum, Route 66, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, and Rizla in approximately 160 countries worldwide.

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Analyst Recommendations for Imperial Brands (LON:IMB)

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