Imperial Brands (LON:IMB) Sets New 12-Month Low – Here’s Why

Shares of Imperial Brands PLC (LON:IMB) reached a new 52-week low during trading on Thursday . The stock 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

A number of research firms have commented on IMB. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,500 target price on shares of Imperial Brands in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,500 target price on shares of Imperial Brands in a report on Wednesday, May 13th. UBS Group restated a “neutral” rating and set a GBX 3,150 price target on shares of Imperial Brands in a report on Monday, May 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,700 price objective on shares of Imperial Brands in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 3,433.33.

Imperial Brands Trading Down 0.7%

The company has a market cap of £19.19 billion, a price-to-earnings ratio of 11.76, a PEG 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. The business’s fifty day simple moving average is GBX 2,701.60 and its two-hundred day simple moving average is GBX 2,865.38.

About Imperial Brands