5 Best Undervalued UK Stocks to Invest In

3. Imperial Brands PLC (LSE:IMB.L)

Number of Hedge Fund Holders: N/A

P/E Ratio: 5.28

As FDA seeks more time to announce the fate of vaping products in the UK, Imperial Brands PLC (LSE:IMB.L) recently announced that the company is well-positioned to deliver financial results in line with the expectations. A British multinational tobacco company, Imperial Brands PLC (LSE:IMB.L) ranks third on our list of the best undervalued UK stocks to buy now.

In the first half of 2021, Imperial Brands PLC (LSE:IMB.L) reported revenue of £15.57 billion, showcasing a 6.1% year-over-year growth. In the past year, the stock delivered a 16.37% return to shareholders. The company pays an annual dividend of GBX 1.38 per share, yielding 0.09%.

Jared Dinges of JPMorgan raised the firm’s price target on Imperial Brands PLC (LSE:IMB.L) to GBP 2,100 while maintaining an Overweight rating on the shares. The company has a trailing twelve months P/E ratio of 5.28.