Imperial Brands (LON:IMB) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Imperial Brands PLC (LON:IMB) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 2,770.52 and traded as low as GBX 2,705. Imperial Brands shares last traded at GBX 2,732.25, with a volume of 1,741,955 shares.

Wall Street Analysts Forecast Growth

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

Imperial Brands Stock Down 2.6%

The company has a market cap of £20.94 billion, a PE ratio of 12.85, a P/E/G ratio of 16.51 and a beta of 0.14. The company has a quick ratio of 0.41, a current ratio of 0.70 and a debt-to-equity ratio of 278.43. The firm’s fifty day simple moving average is GBX 2,770.52 and its 200-day simple moving average is GBX 2,966.81.

Imperial Brands (LON:IMB) last released its quarterly earnings results on Tuesday, May 12th. The company reported GBX 127.70 EPS for the quarter. Imperial Brands had a net margin of 8.96% and a return on equity of 39.24%. The business had revenue of GBX 1,471.90 billion for the quarter. As a group, equities research analysts expect that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

About Imperial Brands