Imperial Brands (LON:IMB) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 2,842.38 and traded as low as GBX 2,787. Imperial Brands shares last traded at GBX 2,787, with a volume of 932,243 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IMB. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,500 price target on shares of Imperial Brands in a research report on Thursday, May 28th. UBS Group reiterated a “neutral” rating and set a GBX 3,150 price target on shares of Imperial Brands in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,500 price target on shares of Imperial Brands in a research report on Wednesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,700 price target on shares of Imperial Brands in a research report on Wednesday, May 13th. Finally, Citigroup reduced their price target on shares of Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 3,433.33.

Imperial Brands Price Performance

The company has a debt-to-equity ratio of 278.43, a current ratio of 0.70 and a quick ratio of 0.41. The company has a market cap of £21.52 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 16.51 and a beta of 0.15. The company has a fifty day moving average price of GBX 2,842.38 and a 200 day moving average price of GBX 3,046.34.

Imperial Brands (LON:IMB) last posted its quarterly earnings data on Tuesday, May 12th. The company reported GBX 127.70 earnings per share for the quarter. The company had revenue of GBX 1,471.90 billion for the quarter. Imperial Brands had a net margin of 8.96% and a return on equity of 39.24%. As a group, analysts anticipate that Imperial Brands PLC will post 246.5723613 EPS for the current year.

Insider Buying and Selling at Imperial Brands

In related news, insider Alan Johnson acquired 645 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of GBX 3,097 per share, for a total transaction of £19,975.65. Company insiders own 0.47% of the company’s stock.

Imperial Brands Company Profile