Imperial Brands (LON:IMB) Hits New 52-Week Low – Here’s What Happened

Imperial Brands PLC (LON:IMB)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 2,466 and last traded at GBX 2,468.02, with a volume of 4076403 shares changing hands. The stock had previously closed at GBX 2,518.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IMB shares. UBS Group restated a “neutral” rating and set a GBX 3,150 price target on shares of Imperial Brands in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 3,500 target price on shares of Imperial Brands in a report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,500 target price on shares of Imperial Brands in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,700 price objective on shares of Imperial Brands in a research note on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,433.33.

Imperial Brands Stock Down 0.7%

The firm’s fifty day simple moving average is GBX 2,701.60 and its 200-day simple moving average is GBX 2,865.38. The company has a market cap of £19.19 billion, a PE ratio of 11.76, a P/E/G ratio of 16.51 and a beta of 0.14. The company has a quick ratio of 0.41, a current ratio of 0.70 and a debt-to-equity ratio of 278.43.

About Imperial Brands