Imperial Brands (LON:IMB) Shares Cross Below 50 Day Moving Average – What’s Next?

Imperial Brands PLC (LON:IMB)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 2,842.38 and traded as low as GBX 2,787. Imperial Brands shares last traded at GBX 2,787, with a volume of 932,243 shares traded.

Analysts Set New Price Targets

IMB has been the subject of a number of analyst reports. UBS Group reaffirmed a “neutral” rating and issued a GBX 3,150 price target on shares of Imperial Brands in a report on Monday, May 11th. Citigroup cut their price target on Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating for the company in a report on Wednesday, April 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,700 price target on shares of Imperial Brands in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,500 price target on shares of Imperial Brands in a report on Wednesday, May 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,500 price target on shares of Imperial Brands in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,433.33.

Imperial Brands Stock Up 0.4%

The company has a quick ratio of 0.41, a current ratio of 0.70 and a debt-to-equity ratio of 278.43. The company has a market cap of £21.59 billion, a PE ratio of 13.16, a P/E/G ratio of 16.51 and a beta of 0.15. The stock has a 50-day moving average of GBX 2,837.35 and a 200-day moving average of GBX 3,044.59.

Imperial Brands (LON:IMB) last issued its quarterly earnings data on Tuesday, May 12th. The company reported GBX 127.70 earnings per share (EPS) for the quarter. Imperial Brands had a return on equity of 39.24% and a net margin of 8.96%.The company had revenue of GBX 1,471.90 billion for the quarter. Sell-side analysts predict that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Insider Activity

In other Imperial Brands news, insider Alan Johnson acquired 645 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average price of GBX 3,097 per share, for a total transaction of £19,975.65. Company insiders own 0.47% of the company’s stock.

About Imperial Brands