Imperial Brands (LON:IMB) Reaches New 1-Year High – Should You Buy?

Shares of Imperial Brands PLC (LON:IMB) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 3,220 and last traded at GBX 3,217, with a volume of 7715388 shares changing hands. The stock had previously closed at GBX 3,179.

Analyst Ratings Changes

IMB has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,600 price objective on shares of Imperial Brands in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Imperial Brands in a research note on Friday, October 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 3,600.

Imperial Brands Stock Down 0.7%

The business has a 50 day simple moving average of GBX 3,094.26 and a 200 day simple moving average of GBX 2,993.27. The company has a market capitalization of £25.78 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41.

Insider Transactions at Imperial Brands

In other news, insider Alan Johnson bought 600 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were purchased at an average price of GBX 3,066 per share, with a total value of £18,396. Insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile