Imperial Tobacco Group PLC (IMB) Downgraded by Credit Suisse Group AG to “Neutral”
Imperial Tobacco Group PLC (LON:IMB) was downgraded by research analysts at Credit Suisse Group AG to a “neutral” rating in a research report issued to clients and investors on Wednesday. They presently have a GBX 4,000 ($52.21) price target on the stock, down from their previous price target of GBX 4,250 ($55.48). Credit Suisse Group AG’s price objective indicates a potential downside of 0.17% from the company’s current price.
A number of other equities analysts also recently commented on IMB. BNP Paribas restated an “outperform” rating and issued a GBX 4,500 ($58.74) price objective on shares of Imperial Tobacco Group PLC in a report on Friday, July 8th. Barclays PLC restated an “overweight” rating and issued a GBX 4,400 ($57.43) price objective on shares of Imperial Tobacco Group PLC in a report on Wednesday, September 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 3,780 ($49.34) target price on shares of Imperial Tobacco Group PLC in a research note on Friday, June 10th. Societe Generale reiterated a “buy” rating and issued a GBX 4,500 ($58.74) target price on shares of Imperial Tobacco Group PLC in a research note on Friday, September 9th. Finally, Canaccord Genuity reiterated a “sell” rating and issued a GBX 3,250 ($42.42) target price on shares of Imperial Tobacco Group PLC in a research note on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 4,098.33 ($53.50).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 4007.00 on Wednesday. The firm has a 50-day moving average price of GBX 4,021.14 and a 200-day moving average price of GBX 3,857.45. The stock’s market cap is GBX 38.21 billion. Imperial Tobacco Group PLC has a 52 week low of GBX 3,291.25 and a 52 week high of GBX 4,154.00.
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In other news, insider Witts,Karen bought 140 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was bought at an average price of GBX 4,101 ($53.53) per share, for a total transaction of £5,741.40 ($7,494.32).
Imperial Tobacco Group PLC Company Profile
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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