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Imperial Brands (LON:IMB) Stock Price Down 0.7% - Time to Sell?

Imperial Brands logo with Consumer Defensive background

Key Points

  • Imperial Brands PLC's stock price fell by 0.7%, trading at approximately GBX 2,984.98 ($40.01) after closing at GBX 3,006 ($40.29).
  • Recent analyst reports maintained a positive outlook, with JPMorgan Chase & Co. labeling the stock as "overweight" and Jefferies Financial Group assigning a "buy" rating with a price target of GBX 3,600.
  • Insider trading activity was noted as well, with insider Alan Johnson purchasing 600 shares at an average price of GBX 3,066 per share.
  • Five stocks to consider instead of Imperial Brands.

Imperial Brands PLC (LON:IMB - Get Free Report)'s stock price fell 0.7% during mid-day trading on Monday . The stock traded as low as GBX 2,976 ($39.89) and last traded at GBX 2,984.98 ($40.01). 2,964,327 shares changed hands during trading, a decline of 38% from the average session volume of 4,787,476 shares. The stock had previously closed at GBX 3,006 ($40.29).

Analyst Ratings Changes

IMB has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Imperial Brands in a report on Friday, October 3rd. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,600 price objective on shares of Imperial Brands in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 3,600.

Check Out Our Latest Research Report on IMB

Imperial Brands Price Performance

The firm has a market cap of £24.08 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The company's fifty day moving average is GBX 3,097.57 and its two-hundred day moving average is GBX 2,972.71. The company has a debt-to-equity ratio of 166.91, a quick ratio of 0.41 and a current ratio of 0.72.

Insiders Place Their Bets

In related news, insider Alan Johnson bought 600 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were acquired at an average cost of GBX 3,066 per share, for a total transaction of £18,396. Insiders own 0.42% of the company's stock.

Imperial Brands Company Profile

(Get Free Report)

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company. We're driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world's one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.

See Also

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