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

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

Wall Street Analyst Weigh In

IMB has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on Imperial Brands from GBX 2,400 to GBX 2,700 and gave the company a “sector perform” rating in a report on Thursday, November 20th. Citigroup lifted their target price on Imperial Brands from GBX 3,425 to GBX 3,650 and gave the company a “buy” rating in a research note on Monday, November 24th. Panmure Gordon restated a “buy” rating and issued a GBX 4,200 price target on shares of Imperial Brands in a research note on Wednesday, November 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Imperial Brands in a report on Friday, October 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Imperial Brands from GBX 3,600 to GBX 3,700 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Imperial Brands has a consensus rating of “Moderate Buy” and an average target price of GBX 3,562.50.

Imperial Brands Trading Down 0.3%

The stock has a market cap of £23.87 billion, a P/E 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 quick ratio of 0.41 and a current ratio of 0.72. The stock’s fifty day moving average is GBX 3,174.90 and its 200 day moving average is GBX 3,073.20.

Imperial Brands (LON:IMB) last issued its quarterly earnings results on Tuesday, November 18th. The company reported GBX 315 earnings per share (EPS) for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. As a group, equities research analysts predict that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Insider Buying and Selling at Imperial Brands

In other Imperial Brands news, insider Jon Stanton sold 2,053 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of GBX 3,221, for a total value of £66,127.13. Also, insider Lukas Paravicini sold 17,121 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of GBX 3,191, for a total value of £546,331.11. Over the last quarter, insiders sold 57,667 shares of company stock worth $184,076,987. Company insiders own 0.43% of the company’s stock.

Imperial Brands Company Profile