Imperial Brands (LON:IMB) Stock Price Passes Above 50 Day Moving Average of $2,033.96

Imperial Brands PLC (LON:IMB)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 2,033.96 ($26.16) and traded as high as GBX 2,176 ($27.99). Imperial Brands shares last traded at GBX 2,158 ($27.76), with a volume of 1,261,720 shares.

Wall Street Analyst Weigh In

IMB has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,810 ($23.28) target price on shares of Imperial Brands in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Imperial Brands from GBX 2,325 ($29.91) to GBX 2,600 ($33.44) and gave the stock a “buy” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,265 ($29.14).

Imperial Brands Stock Performance

The firm has a market cap of £18.44 billion, a PE ratio of 931.30, a P/E/G ratio of 17.23 and a beta of 0.42. The firm has a 50-day moving average price of GBX 2,038.08 and a two-hundred day moving average price of GBX 1,891.53. The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 217.64.

Imperial Brands Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 22nd will be given a GBX 22.45 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 1.2%. Imperial Brands’s dividend payout ratio (DPR) is presently 6,478.26%.

Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.