Imperial Brands (LON:IMB) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Imperial Brands PLC (LON:IMB) shares crossed 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 trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on IMB shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imperial Brands in a research note on Friday, October 3rd. Royal Bank Of Canada upped 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 research report on Thursday, November 20th. Citigroup lifted their target price on Imperial Brands from GBX 3,425 to GBX 3,650 and gave the stock a “buy” rating in a research report on Monday, November 24th. 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. Finally, Jefferies Financial Group raised their price objective on 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 3,562.50.

Imperial Brands Stock Down 0.6%

The firm has a market cap of £24.13 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 16.51 and a beta of 0.42. The business’s 50-day moving average is GBX 3,165.82 and its 200-day moving average is GBX 3,081.02. The company has a debt-to-equity ratio of 166.91, a quick ratio of 0.41 and a current ratio of 0.72.

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

Insiders Place Their Bets

In other Imperial Brands news, insider Stefan Bomhard sold 31,062 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 3,191, for a total value of £991,188.42. Also, insider Murray McGowan sold 7,431 shares of the company’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 transaction of £237,123.21. In the last three months, insiders have sold 57,667 shares of company stock valued at $184,076,987. 0.43% of the stock is owned by corporate insiders.

Imperial Brands Company Profile