Zacks Investment Research upgraded shares of Imperial Brands (OTCMKTS:IMBBY) from a hold rating to a buy rating in a report released on Tuesday morning. They currently have $39.00 price objective 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. “
Several other brokerages have also weighed in on IMBBY. Morgan Stanley lowered Imperial Brands from an overweight rating to an equal weight rating in a research note on Monday, December 11th. Piper Jaffray lowered Imperial Brands from an overweight rating to a neutral rating in a research note on Tuesday, February 13th. Finally, Goldman Sachs lowered Imperial Brands from a buy rating to a neutral rating in a research note on Wednesday, March 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Imperial Brands presently has a consensus rating of Hold and an average price target of $39.00.
The firm also recently declared a None dividend, which was paid on Thursday, April 5th. Investors of record on Friday, February 23rd were paid a $0.802 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. Imperial Brands’s dividend payout ratio is presently 65.90%.
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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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