The stock of Imperial Brands PLC (LON:IMB) hit a new 52-week low and has GBX 3267.89 target or 5.00% below today’s GBX 3439.88 share price. The 7 months bearish chart indicates high risk for the GBX 30.96 billion company. The 1-year low was reported on Nov, 11 by Barchart.com. If the GBX 3267.89 price target is reached, the company will be worth GBX 1.55 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.50% or GBX 50.88 on November 11, hitting GBX 3439.88. About 4.76 million shares traded hands or 75.00% up from the average. Imperial Brands PLC (LON:IMB) has declined 8.24% since April 15, 2016 and is downtrending. It has underperformed by 14.39% the S&P500.
Imperial Brands PLC (LON:IMB) Ratings Coverage
Out of 16 analysts covering Imperial Brands (LON:IMB), 12 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 75% are positive. Imperial Brands has been the topic of 78 analyst reports since February 2, 2016 according to StockzIntelligence Inc. On Friday, April 1 the stock rating was maintained by RBC Capital Markets with “Underperform”. On Thursday, February 11 the stock rating was maintained by Canaccord Genuity with “Sell”. Citigroup maintained Imperial Brands PLC (LON:IMB) rating on Friday, February 12. Citigroup has “Buy” rating and GBX 4300 price target. Goldman Sachs upgraded Imperial Brands PLC (LON:IMB) rating on Monday, April 25. Goldman Sachs has “Buy” rating and GBX 3950 price target. The firm earned “Overweight” rating on Friday, September 30 by Barclays Capital. The stock of Imperial Brands PLC (LON:IMB) earned “Buy” rating by UBS on Wednesday, February 3. As per Friday, February 12, the company rating was maintained by Beaufort Securities. The stock of Imperial Brands PLC (LON:IMB) earned “Equal Weight” rating by Barclays Capital on Friday, April 8. The rating was maintained by Deutsche Bank on Thursday, May 5 with “Buy”. JP Morgan maintained Imperial Brands PLC (LON:IMB) rating on Friday, November 11. JP Morgan has “Neutral” rating and GBX 3660 price target.
More notable recent Imperial Brands PLC (LON:IMB) news were published by: Bloomberg.com which released: “Imperial to Drop `Tobacco’ After 115 Years in Re-Branding” on December 15, 2015, also Marketwatch.com with their article: “Imperial Brands down 2.1% after financial results” published on February 11, 2016, Moodys.com published: “Moody’s changes the outlook on Imperial Brands to stable; ratings affirmed” on May 19, 2016. More interesting news about Imperial Brands PLC (LON:IMB) were released by: Fool.Co.Uk and their article: “3 Brexit-proof stocks? ARM Holdings plc, Imperial Brands plc and Reckitt …” published on June 28, 2016 as well as Fool.Co.Uk‘s news article titled: “Should you buy Neil Woodford’s top 3 holdings Imperial Brands plc, AstraZeneca …” with publication date: June 27, 2016.
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The company has a market cap of 30.96 billion GBP. The Firm focuses on tobacco portfolio that offers a range of cigarettes, fine cut and smokeless tobaccos, and papers and cigars. It has a 52.16 P/E ratio. The Company’s divisions are Returns Markets North, Returns Markets South, Growth Markets , USA and Logistics.
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