IMBBY - Imperial Brands: Fundamentals And Stock Attributes Are Positive
2024-06-03 23:33:49 ET
Summary
- Imperial Brands has seen notable performance in the stock market over the past year, driven by its sustained performance, attractive market multiples and high dividend yield.
- Its recent results for H1 FY24 impressed investors, with strong pricing power and steady improvement in the share of its in next-generation products in revenues.
- Despite a higher than average price rise, its forward P/E and healthy dividend growth make it an attractive investment option with potential for further price rise.
Tobacco stock Imperial Brands (IMBBY) (IMBBF) has seen notable performance on the stock markets in the past year. At 30%, its total returns are comparable only to Japan Tobacco (JAPAY) (see chart below), while Philip Morris ( PM ) follows with a much less strong performance....
Imperial Brands: Fundamentals And Stock Attributes Are Positive