Imperial Brands (LON:IMB) Shares Cross Above 50-Day Moving Average of $1,731.57

Imperial Brands PLC (LON:IMBGet Rating) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,731.57 ($21.02) and traded as high as GBX 1,829.82 ($22.21). Imperial Brands shares last traded at GBX 1,780 ($21.60), with a volume of 2,940,727 shares changing hands.

A number of research analysts recently issued reports on IMB shares. Barclays boosted their price objective on shares of Imperial Brands from GBX 2,100 ($25.49) to GBX 2,300 ($27.92) and gave the company an “overweight” rating in a report on Tuesday, May 17th. JPMorgan Chase & Co. upped their price target on shares of Imperial Brands from GBX 2,000 ($24.27) to GBX 2,250 ($27.31) and gave the company an “overweight” rating in a report on Wednesday, May 18th. Morgan Stanley reiterated an “equal weight” rating on shares of Imperial Brands in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Imperial Brands from GBX 2,100 ($25.49) to GBX 2,250 ($27.31) and gave the company a “buy” rating in a report on Tuesday, May 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,200 ($26.70) price target on shares of Imperial Brands in a report on Wednesday, June 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Imperial Brands presently has a consensus rating of “Buy” and a consensus target price of GBX 2,188 ($26.56).

The firm has a market capitalization of £16.96 billion and a price-to-earnings ratio of 8.35. The company’s 50 day moving average is GBX 1,731.57 and its 200-day moving average is GBX 1,678.32. The company has a current ratio of 0.71, a quick ratio of 0.28 and a debt-to-equity ratio of 168.69.

The business also recently declared a dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, August 18th will be issued a GBX 21.27 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a yield of 1.24%. Imperial Brands’s dividend payout ratio is currently 0.65%.

Imperial Brands Company Profile (LON:IMB)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and next generation product (NGP) portfolio, such as e-vapour products, oral nicotine, and heated tobacco products.

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