Imperial Brands (LON:IMB) Receives Buy Rating from Liberum Capital

Liberum Capital restated their buy rating on shares of Imperial Brands (LON:IMB) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently issued reports on IMB. Credit Suisse Group dropped their price objective on shares of Imperial Brands from GBX 3,300 ($43.12) to GBX 3,000 ($39.20) and set an outperform rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their target price on shares of Imperial Brands from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set a neutral rating for the company in a research note on Friday, November 8th. Barclays reaffirmed an overweight rating on shares of Imperial Brands in a report on Wednesday, November 27th. Deutsche Bank reiterated a buy rating on shares of Imperial Brands in a research note on Friday, August 16th. Finally, UBS Group reissued a neutral rating and set a GBX 1,790 ($23.39) price target (down from GBX 1,900 ($24.83)) on shares of Imperial Brands in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 2,469 ($32.26).

Shares of LON IMB traded up GBX 24.60 ($0.32) during mid-day trading on Friday, hitting GBX 1,713.40 ($22.39). 1,525,574 shares of the company were exchanged, compared to its average volume of 2,680,000. The company has a quick ratio of 0.45, a current ratio of 0.90 and a debt-to-equity ratio of 244.63. The stock has a 50 day simple moving average of GBX 1,754.86 and a 200-day simple moving average of GBX 1,955.91. Imperial Brands has a 1-year low of GBX 1,655 ($21.63) and a 1-year high of GBX 2,713.50 ($35.46). The firm has a market cap of $16.22 billion and a price-to-earnings ratio of 16.19.

The business also recently announced a dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 21st will be given a dividend of GBX 72.01 ($0.94) per share. This is a positive change from Imperial Brands’s previous dividend of $72.00. This represents a dividend yield of 4.14%. The ex-dividend date is Friday, February 21st. Imperial Brands’s payout ratio is presently 2.72%.

In related news, insider Oliver Tant purchased 1,250 shares of the stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of GBX 1,776 ($23.21) per share, with a total value of £22,200 ($29,008.23).

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.

Further Reading: Total Return

Analyst Recommendations for Imperial Brands (LON:IMB)

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