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Prices & Quotes - UK Markets - Imperial Brands (IMB)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 1,224.00p
Change Today:
-3.50p
Market Cap:
11,584m
Sector:
Tobacco

JPMorgan upgrades Imperial Brands to 'overweight'

By Michele Maatouk

Date: Friday 04 Sep 2020

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove upgraded its rating on shares of Imperial Brands on Friday to 'overweight' from 'neutral', as it said the current valuation is pricing in severe downside risks, leaving the risk/reward tilted strongly to the upside following the dividend cut in May.
"Supported by its robust free cash flow...we see IMB's circa 50% payout ratio as sustainable with a further 1bn+ per annum available for cash returns or M&A from FY23e in our base case," said JPM.

The bank also said that with IMB's valuation discounting its "listless direction", the arrival of new external chief executive Stefan Bomhard provides free optionality should he show competency and his new perspective can begin to re-build investor confidence.

JPM cut its price target on Imperial Brands to 1,650p from 1,700p.

At 1010 BST, the shares were up 2.1% at 1,296p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IMB Market Data

Currency UK Pounds
Price 1,224.00p
Change Today -3.50p
52 Week High 2,045.50p
52 Week Low 1,203.00p
Volume 1,460,411
Shares Issued 946.41m
Market Cap 11,584m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
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  5. empty market
sector
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Price Trend
market
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sector
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Income
market
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  5. half market star
sector
  1. full sector star
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  5. full sector star
Growth
market
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sector
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Price Chg 6m
market
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sector
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P/E
market
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  5. empty market
sector
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  5. full sector star
PEG
market
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sector
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Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
EPS Growth
market
  1. full market star
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  3. empty market
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  5. empty market
sector
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Operating Margin
market
  1. full market star
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  3. empty market
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  5. empty market
sector
  1. empty sector
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  5. empty sector

What The Brokers Say

Strong Buy 15
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IMB Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 20-Aug-20 28-May-20
Paid 30-Sep-20 30-Jun-20
Amount 20.85p 20.85p

Trades for 30-Oct-2020

Time Volume / Share Price
16:35 4 @ 1,224.00p
16:35 2,293 @ 1,224.00p
16:35 742,182 @ 1,224.00p
16:29 193 @ 1,227.50p
16:29 108 @ 1,227.50p

IMB Key Personnel

CFO Oliver Tant
Chair Therese Esperdy
CEO Stefan Bomhard