Imperial Brands (LON:IMB) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Imperial Brands PLC (LON:IMBGet 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%

The company’s fifty day simple moving average is GBX 3,161.48 and its two-hundred day simple moving average is GBX 3,141.25. The company has a quick ratio of 0.41, a current ratio of 0.74 and a debt-to-equity ratio of 207.21. The company has a market capitalization of £23.82 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 16.51 and a beta of 0.15.

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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