Imperial Brands (LON:IMB) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3,130.94 and traded as low as GBX 2,994. Imperial Brands shares last traded at GBX 3,066, with a volume of 1,052,721 shares.

Wall Street Analyst Weigh In

IMB has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on shares of Imperial Brands from GBX 3,600 to GBX 3,700 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 4,200 price target on shares of Imperial Brands in a report on Wednesday, November 19th. Citigroup boosted their price objective 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. Finally, Royal Bank Of Canada raised their target price on shares of Imperial Brands from GBX 2,400 to GBX 2,700 and gave the stock a “sector perform” rating in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 3,562.50.

Imperial Brands Stock Performance

The company’s 50-day moving average is GBX 3,130.94 and its two-hundred day moving average is GBX 3,092.09. The stock has a market capitalization of £24.31 billion, a P/E ratio of 12.30, a P/E/G 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 posted its earnings results on Tuesday, November 18th. The company reported GBX 315 EPS for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. As a group, sell-side analysts anticipate that Imperial Brands PLC will post 246.5723613 EPS for the current fiscal year.

Insider Activity at Imperial Brands

In other news, insider Jon Stanton sold 2,053 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of GBX 3,221, for a total value of £66,127.13. Also, insider Lukas Paravicini sold 17,121 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of GBX 3,191, for a total value of £546,331.11. Insiders sold a total of 57,667 shares of company stock worth $184,076,987 in the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile