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

Shares of Imperial Brands PLC (LON:IMB) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 2,613 and last traded at GBX 2,670, with a volume of 6013248 shares trading hands. The stock had previously closed at GBX 2,767.32.

Analyst Upgrades and Downgrades

IMB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 3,500 price target on shares of Imperial Brands in a research report on Wednesday, May 13th. UBS Group reiterated a “neutral” rating and issued a GBX 3,150 target price on shares of Imperial Brands in a research note on Monday, May 11th. Citigroup cut their target price on shares of Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,500 price target on shares of Imperial Brands in a report on Thursday, May 28th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,700 price target on shares of Imperial Brands in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Imperial Brands has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,433.33.

Imperial Brands Price Performance

The stock’s 50-day moving average is GBX 2,769.88 and its 200-day moving average is GBX 2,938.40. The firm has a market cap of £20.48 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 16.51 and a beta of 0.14. The company has a quick ratio of 0.41, a current ratio of 0.70 and a debt-to-equity ratio of 278.43.

Imperial Brands (LON:IMB) last issued its quarterly earnings results on Tuesday, May 12th. The company reported GBX 127.70 earnings per share for the quarter. Imperial Brands had a net margin of 8.96% and a return on equity of 39.24%. The firm had revenue of GBX 1,471.90 billion during the quarter. As a group, equities analysts anticipate that Imperial Brands PLC will post 246.5723613 EPS for the current fiscal year.

Imperial Brands Company Profile