Imperial Tobacco Group Rating Increased to Conviction-Buy at Goldman Sachs Group Inc. (IMT)
Imperial Tobacco Group (LON:IMT) was upgraded by analysts at Goldman Sachs Group Inc. to a “conviction-buy” rating in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. The firm currently has a GBX 2,840 ($46.80) price target on the stock, up from their previous price target of GBX 2,545 ($41.93). Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 27.76% from the company’s current price.
A number of other analysts have also recently weighed in 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 2,722.70 ($44.86) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Imperial Tobacco Group in a research note to investors on Friday, January 17th. They now have a GBX 2,400 ($39.55) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 2,587.65 ($42.64).
Shares of Imperial Tobacco Group (LON:IMT) traded up 1.88% on Friday, hitting GBX 2223.00. 3,588,100 shares of the company’s stock traded hands. Imperial Tobacco Group has a 1-year low of GBX 2106.00 and a 1-year high of GBX 2455.00. The stock’s 50-day moving average is GBX 2271.57 and its 200-day moving average is GBX 2260.09. The company’s market cap is £21.474 billion.
Imperial Tobacco Group PLC (LON:IMT) is a tobacco company.
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