Imperial Brands PLC (LON:IMB – Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 3,161.48 and traded as low as GBX 2,998. Imperial Brands shares last traded at GBX 3,033, with a volume of 7,066,914 shares changing hands.
Analysts Set New Price Targets
Separately, Jefferies Financial Group raised their target price on Imperial Brands from GBX 3,600 to GBX 3,700 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Imperial Brands presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,562.50.
View Our Latest Stock Analysis on Imperial Brands
Imperial Brands Trading Up 0.2%
Insiders Place Their Bets
In related news, insider Murray McGowan sold 15,955 shares of the company’s stock in a transaction on Monday, February 16th. The shares were sold at an average price of GBX 3,230, for a total value of £515,346.50. Also, insider Lukas Paravicini sold 30,561 shares of the firm’s stock in a transaction on Monday, February 16th. The stock was sold at an average price of GBX 3,219, for a total value of £983,758.59. 0.47% of the stock is owned by corporate insiders.
About Imperial Brands
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