Imperial Brands (LON:IMB) Reaches New 12-Month Low – Here’s What Happened

Imperial Brands PLC (LON:IMB) shares reached a new 52-week low on Monday . The company traded as low as GBX 2,589.43 and last traded at GBX 2,595, with a volume of 3762434 shares trading hands. The stock had previously closed at GBX 2,606.92.

Analyst Upgrades and Downgrades

IMB has been the subject of a number of recent analyst reports. 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. UBS Group reissued a “neutral” rating and issued a GBX 3,150 price target on shares of Imperial Brands in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 3,500 price target on shares of Imperial Brands in a report on Wednesday, May 13th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,433.33.

Imperial Brands Trading Down 0.9%

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 stock has a 50 day simple moving average of GBX 2,763.52 and a 200-day simple moving average of GBX 2,924.31. The firm has a market cap of £19.83 billion, a P/E ratio of 12.15, a P/E/G ratio of 16.51 and a beta of 0.14.

About Imperial Brands