Credit Suisse Group AG Lowers Imperial Tobacco Group PLC (IMBBY) to Neutral
Imperial Tobacco Group PLC (OTC:IMBBY) was downgraded by equities researchers at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, StockTargetPrices.com reports.
Separately, Royal Bank Of Canada raised shares of Imperial Tobacco Group PLC from an “underperform” rating to a “sector perform” rating in a research report on Friday, June 17th.
Shares of Imperial Tobacco Group PLC (OTC:IMBBY) traded down 2.05% during mid-day trading on Wednesday, reaching $51.04. 80,750 shares of the company traded hands. Imperial Tobacco Group PLC has a 52-week low of $48.57 and a 52-week high of $55.84. The stock’s 50 day moving average is $52.83 and its 200 day moving average is $53.37. The stock has a market capitalization of $48.68 billion, a PE ratio of 32.49 and a beta of 0.62.
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About Imperial Tobacco Group PLC
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company focuses on tobacco portfolio that offers a range of cigarettes, fine cut and smokeless tobaccos, and papers and cigars. The Company’s segments are Returns Markets North, Returns Markets South, Growth Markets (which includes its Cuban joint ventures and Fontem Ventures), USA and Logistics.
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