Jefferies Financial Group Reaffirms Hold Rating for Imperial Brands (LON:IMB)

Imperial Brands (LON:IMB)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a report issued on Monday, Digital Look reports. They currently have a GBX 1,810 ($22.53) target price on the stock. Jefferies Financial Group’s price target suggests a potential downside of 0.52% from the company’s current price.

Imperial Brands Trading Up 2.6 %

Shares of LON IMB traded up GBX 45.50 ($0.57) during midday trading on Monday, hitting GBX 1,819.50 ($22.65). The stock had a trading volume of 5,318,093 shares, compared to its average volume of 2,758,826. The company’s 50-day simple moving average is GBX 1,752.20 and its 200 day simple moving average is GBX 1,795.56. The firm has a market cap of £15.78 billion, a P/E ratio of 733.67, a price-to-earnings-growth ratio of 16.39 and a beta of 0.42. Imperial Brands has a fifty-two week low of GBX 1,553.50 ($19.34) and a fifty-two week high of GBX 2,016 ($25.10). The company has a debt-to-equity ratio of 157.30, a current ratio of 0.72 and a quick ratio of 0.41.

Insider Buying and Selling

In other Imperial Brands news, insider Lukas Paravicini sold 57,407 shares of Imperial Brands stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of GBX 1,825 ($22.72), for a total transaction of £1,047,677.75 ($1,304,217.29). In other Imperial Brands news, insider Stefan Bomhard sold 140,219 shares of Imperial Brands stock in a transaction dated Friday, February 16th. The stock was sold at an average price of GBX 1,843 ($22.94), for a total transaction of £2,584,236.17 ($3,217,024.98). Also, insider Lukas Paravicini sold 57,407 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of GBX 1,825 ($22.72), for a total value of £1,047,677.75 ($1,304,217.29). 7.16% of the stock is owned by insiders.

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.