Imperial Brands (LON:IMB) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 3,165.82 and traded as low as GBX 3,044. Imperial Brands shares last traded at GBX 3,044, with a volume of 796,718 shares traded.

Analysts Set New Price Targets

Several research firms have commented on IMB. Panmure Gordon reiterated a “buy” rating and issued a GBX 4,200 price objective on shares of Imperial Brands in a report on Wednesday, November 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Imperial Brands in a research report on Friday, October 3rd. Citigroup boosted their target price on shares of Imperial Brands from GBX 3,425 to GBX 3,650 and gave the company a “buy” rating in a research report on Monday, November 24th. Jefferies Financial Group raised their price target on shares of Imperial Brands from GBX 3,600 to GBX 3,700 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Imperial Brands from GBX 2,400 to GBX 2,700 and gave the company a “sector perform” rating in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Imperial Brands has a consensus rating of “Moderate Buy” and an average price target of GBX 3,562.50.

Imperial Brands Price Performance

The company’s 50-day moving average is GBX 3,165.82 and its 200-day moving average is GBX 3,079.46. The firm has a market cap of £24.13 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 166.91.

Imperial Brands (LON:IMB) last released its earnings results on Tuesday, November 18th. The company reported GBX 315 earnings per share for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. Equities research analysts predict that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

Insiders Place Their Bets

In other Imperial Brands news, insider Stefan Bomhard sold 31,062 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of GBX 3,191, for a total transaction of £991,188.42. Also, insider Lukas Paravicini sold 17,121 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of GBX 3,191, for a total transaction of £546,331.11. Insiders sold a total of 57,667 shares of company stock worth $184,076,987 in the last ninety days. Insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile