Zacks Investment Research upgraded shares of Imperial Brands (OTCMKTS:IMBBY) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. The firm currently has $38.00 target price on the stock.
According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “
A number of other research analysts have also issued reports on IMBBY. Morgan Stanley lowered shares of Imperial Brands from an overweight rating to an equal weight rating in a research report on Monday, December 11th. Piper Jaffray lowered shares of Imperial Brands from an overweight rating to a neutral rating in a research report on Tuesday, February 13th. Finally, Goldman Sachs lowered shares of Imperial Brands from a buy rating to a neutral rating in a research report on Wednesday, March 14th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $38.00.
The company also recently declared a None dividend, which will be paid on Thursday, April 5th. Investors of record on Friday, February 23rd will be given a dividend of $0.802 per share. The ex-dividend date of this dividend is Thursday, February 22nd. Imperial Brands’s dividend payout ratio is 65.33%.
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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