Canaccord Genuity Reiterates Hold Rating for Imperial Tobacco Group (IMT)
Imperial Tobacco Group (LON:IMT)‘s stock had its “hold” rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Monday, AnalystRatings.Net reports. They currently have a GBX 2,450 ($39.24) target price on the stock. Canaccord Genuity’s target price would suggest a potential upside of 6.38% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Imperial Tobacco Group (LON:IMT) in a research note to investors on Friday. They now have a GBX 2,500 ($40.04) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Imperial Tobacco Group (LON:IMT) in a research note to investors on Thursday, September 12th. They now have a GBX 2,475 ($39.64) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Imperial Tobacco Group (LON:IMT) in a research note to investors on Monday, September 9th. They now have a GBX 2,400 ($38.44) price target on the stock, up previously from GBX 2,300 ($36.84).
Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 2,617.67 ($41.93).
Shares of Imperial Tobacco Group (LON:IMT) opened at 2283.00 on Monday. Imperial Tobacco Group has a one year low of GBX 2053.70 and a one year high of GBX 2545.00. The stock has a 50-day moving average of GBX 2201. and a 200-day moving average of GBX 2281.85. The company’s market cap is £22.364 billion.
Imperial Tobacco Group PLC (LON:IMT) is a tobacco company.
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