Imperial Brands (LON:IMB) Share Price Passes Below 200 Day Moving Average – Here’s Why

Imperial Brands PLC (LON:IMB)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,029.24 and traded as low as GBX 2,725. Imperial Brands shares last traded at GBX 2,732, with a volume of 3,437,150 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on IMB. Citigroup dropped their target price on Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,500 price target on shares of Imperial Brands in a report on Thursday, May 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,700 price target on shares of Imperial Brands in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,500 price objective on shares of Imperial Brands in a report on Wednesday, May 13th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 3,150 price objective on shares of Imperial Brands in a research report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,433.33.

Imperial Brands Stock Down 0.9%

The company has a debt-to-equity ratio of 278.43, a quick ratio of 0.41 and a current ratio of 0.70. The company has a fifty day simple moving average of GBX 2,804.43 and a two-hundred day simple moving average of GBX 3,029.24. The firm has a market capitalization of £21.09 billion, a PE ratio of 12.85, a PEG ratio of 16.51 and a beta of 0.15.

Imperial Brands (LON:IMB) last announced its quarterly earnings results on Tuesday, May 12th. The company reported GBX 127.70 EPS for the quarter. The firm had revenue of GBX 1,471.90 billion for the quarter. Imperial Brands had a return on equity of 39.24% and a net margin of 8.96%. Analysts forecast that Imperial Brands PLC will post 246.5723613 EPS for the current fiscal year.

Insider Transactions at Imperial Brands

In other Imperial Brands news, insider Alan Johnson bought 645 shares of the business’s stock in a transaction on Friday, April 10th. The shares were acquired at an average price of GBX 3,097 per share, with a total value of £19,975.65. 0.47% of the stock is currently owned by insiders.

About Imperial Brands