Imperial Brands (LON:IMB) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 2,771.46 and traded as high as GBX 2,857. Imperial Brands shares last traded at GBX 2,800.42, with a volume of 2,157,344 shares.

Analyst Ratings Changes

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

Imperial Brands Stock Down 1.5%

The firm has a market capitalization of £21.46 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 16.51 and a beta of 0.14. The stock has a fifty day moving average of GBX 2,771.46 and a two-hundred day moving average of GBX 2,949.07. The company has a debt-to-equity ratio of 278.43, a current ratio of 0.70 and a quick ratio of 0.41.

Imperial Brands (LON:IMB) last announced its earnings results on Tuesday, May 12th. The company reported GBX 127.70 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,471.90 billion during the quarter. Imperial Brands had a return on equity of 39.24% and a net margin of 8.96%. Sell-side analysts anticipate that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

About Imperial Brands