Imperial Tobacco Group Rating Lowered to Hold at Panmure Gordon (IMT)
Imperial Tobacco Group (LON:IMT) was downgraded by analysts at Panmure Gordon to a “hold” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 2,300 ($36.87) price target on the stock, down from their previous price target of GBX 2,650 ($42.48). Panmure Gordon’s target price points to a potential downside of 0.43% from the stock’s previous close.
A number of other firms have also recently commented on IMT. Analysts at Jyske Bank reiterated a “strong-buy” rating on shares of Imperial Tobacco Group in a research note to investors on Tuesday. They now have a GBX 2,785.80 ($44.66) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Imperial Tobacco Group in a research note to investors on Monday. They now have a GBX 2,984 ($47.84) price target 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 Monday. They now have a GBX 2,450 ($39.28) price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Imperial Tobacco Group has an average rating of “Hold” and a consensus price target of GBX 2,609.93 ($41.84).
Imperial Tobacco Group (LON:IMT) opened at 2356.00 on Tuesday. Imperial Tobacco Group has a one year low of GBX 2106.00 and a one year high of GBX 2545.00. The stock’s 50-day moving average is GBX 2269.31 and its 200-day moving average is GBX 2268.. The company’s market cap is £23.079 billion.
Imperial Tobacco Group PLC (LON:IMT) is a tobacco company.
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