Imperial Tobacco Group PLC (IMBBY) Raised to Buy at Jefferies Group
Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was upgraded by Jefferies Group from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.
IMBBY has been the topic of several other reports. Barclays PLC reaffirmed an “overweight” rating and set a $4,200.00 target price on shares of Imperial Tobacco Group PLC in a report on Wednesday, May 25th. Royal Bank Of Canada raised Imperial Tobacco Group PLC from an “underperform” rating to a “sector perform” rating in a report on Friday, June 17th. Societe Generale reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Wednesday, June 1st. Bank of America Corp. reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Wednesday, June 15th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2,130.50.
Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY) traded down 2.15% during mid-day trading on Wednesday, hitting $50.99. The stock had a trading volume of 6,915 shares. The firm has a 50 day moving average of $52.83 and a 200-day moving average of $53.37. Imperial Tobacco Group PLC has a one year low of $48.57 and a one year high of $55.84. The stock has a market cap of $48.63 billion, a P/E ratio of 32.46 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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