Imperial Brands (LON:IMB) Stock Passes Above 50-Day Moving Average – Time to Sell?

Imperial Brands PLC (LON:IMB)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 2,771.46 and traded as high as GBX 2,857. Imperial Brands shares last traded at GBX 2,800.42, with a volume of 2,157,344 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IMB shares. UBS Group restated a “neutral” rating and issued a GBX 3,150 price target on shares of Imperial Brands in a research report on Monday, May 11th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,500 price objective on shares of Imperial Brands in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,500 target price on shares of Imperial Brands in a research note on Wednesday, May 13th. Citigroup dropped their target price on shares of Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reaffirmed 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Imperial Brands has an average rating of “Moderate Buy” and a consensus target price of GBX 3,433.33.

Imperial Brands Stock Down 1.5%

The company has a market cap of £21.46 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 16.51 and a beta of 0.14. The stock’s 50-day moving average is GBX 2,771.46 and its 200-day moving average is GBX 2,949.07. The company has a current ratio of 0.70, a quick ratio of 0.41 and a debt-to-equity ratio of 278.43.

Imperial Brands (LON:IMB) last posted its quarterly earnings results on Tuesday, May 12th. The company reported GBX 127.70 EPS for the quarter. The business 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%. On average, analysts anticipate that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Imperial Brands Company Profile