Jefferies Financial Group Reaffirms "Hold" Rating for Imperial Brands (LON:IMB)

Jefferies Financial Group reiterated their hold rating on shares of Imperial Brands (LON:IMB - Free Report) in a report issued on Monday, MarketBeat.com reports. They currently have a GBX 1,810 ($22.36) price target on the stock.

Imperial Brands Trading Up 2.5 %

IMB traded up GBX 45 ($0.56) during midday trading on Monday, hitting GBX 1,819 ($22.47). The company's stock had a trading volume of 6,004,675 shares, compared to its average volume of 2,508,657. The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 157.30. Imperial Brands has a 52-week low of GBX 1,553.50 ($19.19) and a 52-week high of GBX 2,016 ($24.90). The firm has a market cap of £15.77 billion, a P/E ratio of 733.47, a PEG ratio of 16.39 and a beta of 0.42. The firm has a 50-day moving average price of GBX 1,752.20 and a two-hundred day moving average price of GBX 1,795.56.

Imperial Brands Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 15th were issued a dividend of GBX 51.82 ($0.64) per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 2.9%. This is a boost from Imperial Brands's previous dividend of $21.59. Imperial Brands's payout ratio is presently 5,927.42%.

Insider Transactions at Imperial Brands

In other news, insider Stefan Bomhard sold 140,219 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of GBX 1,843 ($22.76), for a total transaction of £2,584,236.17 ($3,191,991.32). In related news, insider Lukas Paravicini sold 57,407 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of GBX 1,825 ($22.54), for a total transaction of £1,047,677.75 ($1,294,068.37). Also, insider Stefan Bomhard sold 140,219 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of GBX 1,843 ($22.76), for a total value of £2,584,236.17 ($3,191,991.32). Company insiders own 7.16% of the company's stock.

Imperial Brands Company Profile

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.