Imperial Brands (LON:IMB) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3,130.94 and traded as low as GBX 2,994. Imperial Brands shares last traded at GBX 3,066, with a volume of 1,052,721 shares changing hands.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imperial Brands in a report on Friday, October 3rd. Jefferies Financial Group increased their target price on shares of Imperial Brands from GBX 3,600 to GBX 3,700 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Panmure Gordon reissued a “buy” rating and set a GBX 4,200 price target on shares of Imperial Brands in a research report on Wednesday, November 19th. Royal Bank Of Canada lifted 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. Finally, 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 note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,562.50.

Imperial Brands Trading Up 1.4%

The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41. The firm has a market capitalization of £24.31 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 16.51 and a beta of 0.42. The firm’s 50-day simple moving average is GBX 3,130.94 and its 200 day simple moving average is GBX 3,090.78.

Imperial Brands (LON:IMB) last posted its quarterly earnings results 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%. Equities analysts expect that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

Insider Buying and Selling

In other Imperial Brands news, insider Lukas Paravicini sold 17,121 shares of Imperial Brands stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of GBX 3,191, for a total transaction of £546,331.11. Also, insider Stefan Bomhard sold 31,062 shares of the business’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 £991,188.42. Insiders sold 57,667 shares of company stock valued at $184,076,987 in the last quarter. 0.43% of the stock is currently owned by company insiders.

About Imperial Brands