Royal Bank Of Canada Reaffirms Sector Perform Rating for Imperial Brands (LON:IMB)

Imperial Brands (LON:IMB)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank Of Canada in a report released on Wednesday,London Stock Exchange reports. They currently have a GBX 2,700 price target on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 2.67% from the stock’s previous close.

Several other brokerages also recently issued reports on IMB. Citigroup lowered their price objective on shares of Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. UBS Group restated a “neutral” rating and issued a GBX 3,150 price target on shares of Imperial Brands in a research report on Monday. Jefferies Financial Group restated a “buy” rating and set a GBX 3,700 price objective on shares of Imperial Brands in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,500 price objective on shares of Imperial Brands in a report on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Imperial Brands presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,466.67.

Imperial Brands Price Performance

LON IMB opened at GBX 2,774 on Wednesday. The stock has a 50-day simple moving average of GBX 2,997.08 and a 200 day simple moving average of GBX 3,099.97. Imperial Brands has a twelve month low of GBX 2,648 and a twelve month high of GBX 3,341. The stock has a market capitalization of £21.49 billion, a PE ratio of 11.13, a P/E/G ratio of 16.51 and a beta of 0.17. The company has a debt-to-equity ratio of 207.21, a quick ratio of 0.41 and a current ratio of 0.74.

Imperial Brands (LON:IMB) last released its earnings results on Tuesday, May 12th. The company reported GBX 127.70 earnings per share (EPS) for the quarter. The firm had revenue of GBX 1,471.90 billion for the quarter. Imperial Brands had a return on equity of 42.31% and a net margin of 10.91%. Research analysts anticipate that Imperial Brands will post 246.5723613 EPS for the current year.

Insider Buying and Selling

In other Imperial Brands news, insider Lukas Paravicini sold 30,561 shares of the company’s stock in a transaction dated Monday, February 16th. The shares were sold at an average price of GBX 3,219, for a total transaction of £983,758.59. Also, insider Murray McGowan sold 15,955 shares of the firm’s stock in a transaction on Monday, February 16th. The shares were sold at an average price of GBX 3,230, for a total value of £515,346.50. 0.46% of the stock is owned by corporate insiders.

Imperial Brands Company Profile