Imperial Brands (LON:IMB) Shares Down 0.3% – Here’s What Happened

Imperial Brands PLC (LON:IMB)’s share price fell 0.3% on Friday . The company traded as low as GBX 2,984 and last traded at GBX 3,011. 1,174,917 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 10,517,354 shares. The stock had previously closed at GBX 3,020.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IMB shares. Panmure Gordon reissued a “buy” rating and set a GBX 4,200 target price on shares of Imperial Brands in a report on Wednesday, November 19th. 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. Citigroup upped their price objective on shares of Imperial Brands from GBX 3,425 to GBX 3,650 and gave the company a “buy” rating in a report on Monday, November 24th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imperial Brands in a research report on Friday, October 3rd. Finally, Royal Bank Of Canada increased their price target on Imperial Brands from GBX 2,400 to GBX 2,700 and gave the stock a “sector perform” rating in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,562.50.

Imperial Brands Trading Down 0.3%

The firm has a market cap of £23.87 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41. The company’s 50 day simple moving average is GBX 3,174.90 and its 200 day simple moving average is GBX 3,073.20.

Imperial Brands (LON:IMB) last released its earnings results 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, research analysts expect that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Murray McGowan sold 7,431 shares of Imperial Brands stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of GBX 3,191, for a total value of £237,123.21. Also, insider Lukas Paravicini sold 17,121 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of GBX 3,191, for a total transaction of £546,331.11. Insiders sold a total of 57,667 shares of company stock valued at $184,076,987 over the last 90 days. Insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile