Panmure Gordon Reiterates “Buy” Rating for Imperial Tobacco Group (IMT)
Imperial Tobacco Group (LON:IMT)‘s stock had its “buy” rating restated by stock analysts at Panmure Gordon in a report issued on Wednesday, American Banking News.com reports. They currently have a GBX 2,650 ($42.52) price objective on the stock. Panmure Gordon’s target price indicates a potential upside of 20.56% from the stock’s previous close.
Imperial Tobacco Group (LON:IMT) traded down 1.18% during mid-day trading on Wednesday, hitting GBX 2172.00. The stock had a trading volume of 516,644 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 £21.277 billion.
IMT has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Imperial Tobacco Group in a research note to investors on Friday, October 4th. They now have a GBX 2,500 ($40.11) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Imperial Tobacco Group from GBX 3,067 ($49.21) to GBX 2,984 ($47.87) in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Imperial Tobacco Group in a research note to investors on Wednesday, October 2nd. They now have a GBX 2,450 ($39.31) price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Imperial Tobacco Group has a consensus rating of “Hold” and an average price target of GBX 2,608.04 ($41.84).
Imperial Tobacco Group PLC (LON:IMT) is a tobacco company.
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