Imperial Tobacco Group PLC (IMBBY) Downgraded by Credit Suisse Group AG
Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was downgraded by investment analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday.
Several other research firms have also recently weighed in on IMBBY. Citigroup Inc. restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Thursday, June 9th. Societe Generale reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Wednesday, June 1st. Zacks Investment Research upgraded shares of Imperial Tobacco Group PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. Royal Bank Of Canada upgraded shares of Imperial Tobacco Group PLC from an “underperform” rating to a “sector perform” rating in a research report on Friday, June 17th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Wednesday, June 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Imperial Tobacco Group PLC presently has a consensus rating of “Buy” and an average target price of $2,130.50.
Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY) opened at 52.11 on Wednesday. The firm has a 50-day moving average of $52.83 and a 200-day moving average of $53.37. The stock has a market cap of $49.70 billion, a P/E ratio of 33.17 and a beta of 0.62. Imperial Tobacco Group PLC has a 52-week low of $48.57 and a 52-week high of $55.84.
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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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