Imperial Brands (LON:IMB) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Imperial Brands PLC (LON:IMB) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-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 traded.

Analyst Upgrades and Downgrades

IMB has been the topic of a number of research reports. Panmure Gordon reiterated a “buy” rating and set a GBX 4,200 price target on shares of Imperial Brands in a research report on Wednesday, November 19th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Imperial Brands in a research report on Friday, October 3rd. Citigroup boosted their price objective 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. Royal Bank Of Canada increased their target price on shares of Imperial Brands from GBX 2,400 to GBX 2,700 and gave the company a “sector perform” rating in a research note on Thursday, November 20th. Finally, Jefferies Financial Group upped their target price on Imperial Brands from GBX 3,600 to GBX 3,700 and gave the company a “buy” rating in a report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,562.50.

Imperial Brands Stock Up 1.4%

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

Imperial Brands (LON:IMB) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Imperial Brands PLC will post 246.5723613 EPS for the current year.

Insider Buying and Selling at Imperial Brands

In other news, insider Stefan Bomhard sold 31,062 shares of the firm’s 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 transaction of £991,188.42. Also, insider Murray McGowan sold 7,431 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of GBX 3,191, for a total value of £237,123.21. Insiders sold a total of 57,667 shares of company stock valued at $184,076,987 over the last quarter. 0.43% of the stock is currently owned by insiders.

Imperial Brands Company Profile