Jefferies Group Boosts Imperial Tobacco Group PLC (IMB) Price Target to GBX 4,600
Imperial Tobacco Group PLC (LON:IMB) had its price target boosted by research analysts at Jefferies Group from GBX 3,550 ($46.34) to GBX 4,600 ($60.04) in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 14.80% from the stock’s previous close.
A number of other analysts have also commented on the company. BNP Paribas reaffirmed an “outperform” rating and set a GBX 4,100 ($53.52) price objective on shares of Imperial Tobacco Group PLC in a research note on Monday, June 27th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 4,400 ($57.43) price objective on shares of Imperial Tobacco Group PLC in a research note on Wednesday, September 14th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 4,250 ($55.48) price objective on shares of Imperial Tobacco Group PLC in a research note on Tuesday, September 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,230 ($55.21) price objective on shares of Imperial Tobacco Group PLC in a research note on Tuesday, June 14th. Finally, Deutsche Bank AG increased their price objective on Imperial Tobacco Group PLC from GBX 4,300 ($56.13) to GBX 4,500 ($58.74) and gave the company a “buy” rating in a research note on Friday, September 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 4,136.92 ($54.00).
Shares of Imperial Tobacco Group PLC (LON:IMB) traded down 1.97% during mid-day trading on Wednesday, reaching GBX 3928.25. 1,659,903 shares of the company’s stock were exchanged. Imperial Tobacco Group PLC has a 52 week low of GBX 3,291.25 and a 52 week high of GBX 4,154.00. The stock’s market cap is GBX 37.46 billion. The stock has a 50 day moving average price of GBX 4,021.14 and a 200 day moving average price of GBX 3,857.45.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/imperial-tobacco-group-plc-imb-raised-to-buy-at-jefferies-group.html
In other news, insider Witts,Karen acquired 140 shares of Imperial Tobacco Group PLC stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of GBX 4,101 ($53.53) per share, with a total value 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.
Receive News & Ratings for Imperial Tobacco Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Tobacco Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.