Shares of Imperial Brands PLC (LON:IMB – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 2,033.96 ($26.16) and traded as high as GBX 2,176 ($27.99). Imperial Brands shares last traded at GBX 2,158 ($27.76), with a volume of 1,261,720 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on IMB shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,810 ($23.28) price target on shares of Imperial Brands in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Imperial Brands from GBX 2,325 ($29.91) to GBX 2,600 ($33.44) and gave the stock a “buy” rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Imperial Brands presently has an average rating of “Moderate Buy” and an average price target of GBX 2,265 ($29.14).
Check Out Our Latest Analysis on IMB
Imperial Brands Stock Down 0.7 %
Imperial Brands Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 22nd will be issued a GBX 22.45 ($0.29) dividend. The ex-dividend date is Thursday, August 22nd. This represents a yield of 1.2%. Imperial Brands’s dividend payout ratio is currently 6,478.26%.
About Imperial Brands
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.
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