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

Shares of Imperial Brands PLC (LON:IMB) crossed 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 changing hands.

Wall Street Analyst Weigh In

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

Imperial Brands Trading Down 0.9%

The stock has a market cap of £21.09 billion, a P/E ratio of 12.85, a P/E/G ratio of 16.51 and a beta of 0.15. The company has a current ratio of 0.70, a quick ratio of 0.41 and a debt-to-equity ratio of 278.43. The company has a 50-day moving average price of GBX 2,804.43 and a two-hundred day moving average price of GBX 3,029.24.

Imperial Brands (LON:IMB) last released its quarterly earnings results on Tuesday, May 12th. The company reported GBX 127.70 earnings per share for the quarter. The company 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%. On average, research analysts expect that Imperial Brands PLC will post 246.5723613 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Alan Johnson bought 645 shares of Imperial Brands stock in a transaction dated 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 owned by company insiders.

About Imperial Brands