Imperial Brands (LON:IMB) Stock Price Down 0.3% – What’s Next?

Imperial Brands PLC (LON:IMB)’s share price dropped 0.3% during trading on Friday . The stock traded as low as GBX 2,984 and last traded at GBX 3,011. Approximately 1,174,917 shares were traded during trading, a decline of 89% from the average daily volume of 10,517,354 shares. The stock had previously closed at GBX 3,020.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Imperial Brands from GBX 2,400 to GBX 2,700 and gave the stock a “sector perform” rating in a research report on Thursday, November 20th. Jefferies Financial Group upped their price objective 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. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Imperial Brands in a research report on Friday, October 3rd. Citigroup upped their price target 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. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 4,200 price objective on shares of Imperial Brands in a research note on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,562.50.

Imperial Brands Stock Down 0.3%

The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91. The company has a market cap of £23.87 billion, a PE ratio of 12.08, a PEG ratio of 16.51 and a beta of 0.42. The company’s fifty day moving average is GBX 3,174.90 and its 200-day moving average is GBX 3,074.49.

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

Insider Transactions at Imperial Brands

In other news, insider Murray McGowan sold 7,431 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of GBX 3,191, for a total value of £237,123.21. Also, insider Lukas Paravicini sold 17,121 shares of the firm’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 £546,331.11. Over the last three months, insiders sold 57,667 shares of company stock valued at $184,076,987. Company insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile