Imperial Brands PLC (OTCMKTS:IMBBY – Get Rating) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 13,900 shares, a drop of 46.5% from the June 30th total of 26,000 shares. Based on an average daily trading volume, of 191,400 shares, the days-to-cover ratio is presently 0.1 days.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Imperial Brands from GBX 2,000 ($24.10) to GBX 2,250 ($27.11) in a research note on Wednesday, May 18th. Barclays raised their target price on shares of Imperial Brands from GBX 2,100 ($25.30) to GBX 2,300 ($27.71) in a research note on Wednesday, May 18th. UBS Group raised their target price on shares of Imperial Brands from GBX 1,630 ($19.64) to GBX 1,780 ($21.45) in a research note on Thursday, May 19th. Finally, The Goldman Sachs Group upgraded shares of Imperial Brands from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 25th.
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Imperial Brands Stock Performance
Imperial Brands stock traded down $0.41 during midday trading on Friday, hitting $21.99. The company's stock had a trading volume of 113,448 shares, compared to its average volume of 154,052. Imperial Brands has a 1-year low of $19.62 and a 1-year high of $25.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.71 and a quick ratio of 0.31. The company has a 50-day moving average price of $22.38 and a two-hundred day moving average price of $22.39.
Imperial Brands Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, May 27th were paid a $0.2546 dividend. This represents a yield of 7.96%. The ex-dividend date was Thursday, May 26th.
About Imperial Brands
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Imperial Brands (IMBBY)
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