Berenberg Bank Reiterates Hold Rating for Imperial Tobacco Group (IMT)
Imperial Tobacco Group (LON:IMT)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a report released on Wednesday, Analyst Ratings Network reports. They currently have a GBX 2,500 ($40.34) price objective on the stock. Berenberg Bank’s price objective suggests a potential upside of 12.66% from the company’s current price.
Imperial Tobacco Group (LON:IMT) traded down 0.80% on Wednesday, hitting GBX 2219.00. The stock had a trading volume of 1,500,841 shares. Imperial Tobacco Group has a 52-week low of GBX 2106.00 and a 52-week 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 £21.737 billion.
A number of other firms have also recently commented on IMT. Analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Imperial Tobacco Group (LON:IMT) in a research note to investors on Thursday, September 26th. They now have a GBX 2,900 ($46.79) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Imperial Tobacco Group (LON:IMT) in a research note to investors on Wednesday, September 25th. They now have a GBX 2,350 ($37.92) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Imperial Tobacco Group (LON:IMT) in a research note to investors on Monday, September 23rd. They now have a GBX 2,450 ($39.53) price target on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 2,612.41 ($42.15).
Imperial Tobacco Group PLC (LON:IMT) is a tobacco company.
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