Imperial Brands (LON:IMB) Hits New 12-Month High – What’s Next?

Imperial Brands PLC (LON:IMBGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,245 and last traded at GBX 3,238, with a volume of 8483743 shares traded. The stock had previously closed at GBX 3,153.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IMB shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,600 price target on shares of Imperial Brands in a research report on Wednesday, October 8th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 4,200 target price on shares of Imperial Brands in a report on Wednesday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Imperial Brands in a report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 3,900.

Read Our Latest Report on IMB

Imperial Brands Trading Up 0.4%

The firm has a fifty day simple moving average of GBX 3,102.16 and a two-hundred day simple moving average of GBX 2,998.45. The stock has a market cap of £26.12 billion, a PE ratio of 10.85, a PEG 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:IMBGet Free Report) last issued its quarterly earnings data 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, equities analysts expect that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Alan Johnson purchased 600 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were purchased at an average price of GBX 3,066 per share, with a total value of £18,396. 0.43% of the stock is currently owned by corporate insiders.

About Imperial Brands

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