Imperial Brands (LON:IMB) Shares Pass Below 50 Day Moving Average – Here’s Why

Imperial Brands PLC (LON:IMB) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 2,954.45 and traded as low as GBX 2,855. Imperial Brands shares last traded at GBX 2,886.65, with a volume of 230,653,344 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,500 price objective on shares of Imperial Brands in a research report on Wednesday, May 13th. UBS Group reaffirmed a “neutral” rating and issued a GBX 3,150 price target on shares of Imperial Brands in a research report on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,700 price target on shares of Imperial Brands in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,500 price target on shares of Imperial Brands in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Imperial Brands has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,433.33.

Imperial Brands Stock Performance

The company has a debt-to-equity ratio of 278.43, a quick ratio of 0.41 and a current ratio of 0.70. The stock has a market cap of £21.89 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 16.51 and a beta of 0.17. The company’s 50 day simple moving average is GBX 2,942.45 and its 200 day simple moving average is GBX 3,090.13.

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

Insider Buying and Selling

In other news, insider Alan Johnson acquired 645 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was purchased at an average price of GBX 3,097 per share, for a total transaction of £19,975.65. Company insiders own 0.46% of the company’s stock.

Imperial Brands Company Profile