Imperial Brands PLC (IMB) Earns “Neutral” Rating from J P Morgan Chase & Co

J P Morgan Chase & Co reiterated their neutral rating on shares of Imperial Brands PLC (LON:IMB) in a research report report published on Wednesday, November 8th. They currently have a GBX 3,230 ($42.48) price target on the stock.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank AG reaffirmed a buy rating on shares of Imperial Brands PLC in a research note on Monday, July 31st. Whitman Howard reissued a buy rating and issued a GBX 5,100 ($67.08) price objective on shares of Imperial Brands PLC in a research report on Thursday, July 20th. Barclays PLC set a GBX 4,300 ($56.56) price objective on shares of Imperial Brands PLC and gave the company a buy rating in a research report on Wednesday, September 6th. S&P Global set a GBX 4,200 ($55.24) price objective on shares of Imperial Brands PLC and gave the company a buy rating in a research report on Friday, October 13th. Finally, Jefferies Group LLC dropped their price objective on shares of Imperial Brands PLC from GBX 4,200 ($55.24) to GBX 4,100 ($53.93) and set a buy rating on the stock in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 3,926.56 ($51.64).

Imperial Brands PLC (IMB) opened at GBX 3,049 ($40.10) on Wednesday. Imperial Brands PLC has a fifty-two week low of GBX 3,019 ($39.71) and a fifty-two week high of GBX 3,956.50 ($52.04).

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

ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/11/19/j-p-morgan-chase-co-reiterates-neutral-rating-for-imperial-brands-plc-imb.html.

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

In other news, insider Simon Langelier purchased 31 shares of the stock in a transaction dated Monday, September 18th. The stock was acquired at an average cost of GBX 3,258 ($42.85) per share, for a total transaction of £1,009.98 ($1,328.40).

About Imperial Brands PLC

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.

Analyst Recommendations for Imperial Brands PLC (LON:IMB)

Receive News & Ratings for Imperial Brands PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply