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    IMB   GB0004544929


Delayed London Stock Exchange  -  11:35 2022-06-24 am EDT
1838.50 GBX   +1.18%
06/17FACTBOX : Companies sell their businesses in Russia
06/14TRANSCRIPT : Imperial Brands PLC Presents at 19th annual dbAccess Global Consumer Conference 2022, Jun-14-2022
06/09Age to buy cigarettes in England should rise every year, review says
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Marketmind: Apocalypse now?

05/17/2022 | 02:49am EDT
Governor of the Bank of England Andrew Bailey addresses the media on the Monetary Policy Report, in London

A look at the day ahead in markets from Dhara Ranasinghe.

Bank of England boss Andrew Bailey is sorry for an "apocalyptic" view of the world, saying that monetary policy faces its biggest test in 25 years with surging inflation exacerbated by war in Ukraine and China's COVID lockdowns.

Federal Reserve chief Jerome Powell, who warned last week that taming inflation will "include some pain", and European Central Bank president Christine Lagarde speak later on Tuesday.

No wonder markets are so volatile -- swinging one way one minute on a view that surging inflation will bring aggressive rate hikes in major economies to swinging the other way the next on fears that all this inevitably raises recession risks.

A heavy hint from Australia's central bank that another rate hike is coming in June is lifting the Aussie dollar today.

But in general, it's that growing fear of recession risk - heightened by Monday's gloomy China data - that holds sway. U.S. 10-year Treasury yields are down almost 30 basis points from 3-1/2 year highs hit just over a week ago.

For now stocks markets are stable. Yet, first quarter euro zone GDP numbers, U.S. retail sales and industrial production data later pose a new test for fragile sentiment.

Economists polled by Reuters forecast retail sales rose 0.9% in April versus a 0.5% gain a month earlier.

Data out early on Tuesday shows Britain's unemployment rate fell to its lowest since 1974 at 3.7% in the first three months of this year, which could bring some comfort to policymakers.

Finally, while sentiment is largely risk off, commodity prices continue to surge -- wheat futures and other agricultural goods prices shot up on Monday. No doubt, there's no shortage of sources of angst right now.

U.S. retail sales

(Reporting by Dhara Ranasinghe, editing by Karin Strohecker)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.65% 0.6947 Delayed Quote.-4.90%
IMPERIAL BRANDS PLC 1.18% 1838.5 Delayed Quote.13.73%
LAND SECURITIES GROUP PLC 3.49% 718.4 Delayed Quote.-7.47%
MERCEDES-BENZ GROUP AG -0.03% 58.56 Delayed Quote.-13.36%
VODAFONE GROUP PLC 0.00% 126.5 Delayed Quote.12.68%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 -1.70% 1157.5 End-of-day quote.50.18%
06/17FACTBOX : Companies sell their businesses in Russia
06/14TRANSCRIPT : Imperial Brands PLC Presents at 19th annual dbAccess Global Consumer Conferen..
06/09Age to buy cigarettes in England should rise every year, review says
06/09BAT stands by forecasts however long it takes to leave Russia
05/26IMPERIAL BRANDS PLC : Ex-dividend day for interim dividend
05/25Goldman Sachs Lifts Imperial Brands to Buy From Neutral, Boosts PT
05/25LONDON STOCK EXCHANGE : UK markets rebound after weak PMI data
05/24MARKETMIND : I know what you'll do this summer
05/23Starbucks to exit Russia after nearly 15 years
05/23Morgan Stanley Boosts Imperial Brands PT, Maintains Equal-weight Rating
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Analyst Recommendations on IMPERIAL BRANDS PLC
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Sales 2022 8 762 M 10 769 M 10 769 M
Net income 2022 2 104 M 2 586 M 2 586 M
Net Debt 2022 8 296 M 10 196 M 10 196 M
P/E ratio 2022 8,12x
Yield 2022 7,74%
Capitalization 17 226 M 21 172 M 21 172 M
EV / Sales 2022 2,91x
EV / Sales 2023 2,79x
Nbr of Employees 30 300
Free-Float 88,0%
Duration : Period :
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Technical analysis trends IMPERIAL BRANDS PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 1 838,50 GBX
Average target price 2 225,66 GBX
Spread / Average Target 21,1%
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Managers and Directors
Stefan Bomhard Chief Executive Officer & Director
Lukas Jean-Baptiste Paravicini Chief Financial Officer & Director
Thérèse Marie Esperdy Non-Executive Chairman
Simon Langelier Independent Non-Executive Director
Sue Michelle Clark Senior Independent Non-Executive Director