Imperial Brands (LON:IMB) Sets New 12-Month High – What’s Next?

by · The Markets Daily

Imperial Brands PLC (LON:IMB – Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 3,632.04 and last traded at GBX 3,170, with a volume of 135730969 shares. The stock had previously closed at GBX 3,197.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on Imperial Brands

Imperial Brands Stock Performance

The company has a market capitalization of £25.42 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The business has a 50 day moving average of GBX 3,153.43 and a 200 day moving average of GBX 3,051.25. The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91.

Imperial Brands (LON:IMB – Get Free Report) last announced its earnings results on Tuesday, November 18th. The company reported GBX 315 earnings per share (EPS) for the quarter. Imperial Brands had a net margin of 11.44% and a return on equity of 41.84%. On average, sell-side analysts predict that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

Insider Activity

In other news, insider Lukas Paravicini sold 17,121 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of GBX 3,191, for a total value of £546,331.11. Also, insider Stefan Bomhard sold 31,062 shares of Imperial Brands stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of GBX 3,191, for a total transaction of £991,188.42. Over the last three months, insiders have sold 57,667 shares of company stock worth $184,076,987. 0.43% of the stock is currently owned by insiders.

About Imperial Brands

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