Imperial Brands PLC (OTCMKTS:IMBBY – Get Rating) – Analysts at Jefferies Financial Group cut their FY2022 earnings estimates for Imperial Brands in a research report issued on Thursday, August 18th. Jefferies Financial Group analyst O. Bennett now anticipates that the company will post earnings of $3.14 per share for the year, down from their prior estimate of $3.25. The consensus estimate for Imperial Brands' current full-year earnings is $3.16 per share. Jefferies Financial Group also issued estimates for Imperial Brands' FY2023 earnings at $3.27 EPS and FY2024 earnings at $3.50 EPS.
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A number of other analysts have also issued reports on the stock. Barclays lifted their price target on shares of Imperial Brands from GBX 2,100 ($25.37) to GBX 2,300 ($27.79) in a research note on Wednesday, May 18th. 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. UBS Group upgraded shares of Imperial Brands from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Imperial Brands from GBX 2,000 ($24.17) to GBX 2,250 ($27.19) in a research note on Wednesday, May 18th.
Imperial Brands Trading Down 0.7 %
Shares of OTCMKTS:IMBBY opened at $23.04 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.31 and a current ratio of 0.71. The company has a fifty day simple moving average of $22.38 and a 200 day simple moving average of $22.28. Imperial Brands has a 12-month low of $19.62 and a 12-month high of $25.16.
Imperial Brands Dividend Announcement
The firm also recently announced a dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.2546 per share. The ex-dividend date is Thursday, August 18th. This represents a yield of 7.66%.
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.
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