Imperial Tobacco Group PLC (IMBBY) Rating Lowered to Neutral at Credit Suisse Group AG
Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was downgraded by research analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.
Several other brokerages have also recently weighed in on IMBBY. Zacks Investment Research raised Imperial Tobacco Group PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Citigroup Inc. reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Thursday, June 9th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Tuesday, August 23rd. Societe Generale reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Wednesday, June 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $4,200.00 price target on shares of Imperial Tobacco Group PLC in a research note on Wednesday, May 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $2,130.50.
Imperial Tobacco Group PLC (OTCMKTS:IMBBY) traded down 1.17% during midday trading on Wednesday, hitting $51.50. The stock had a trading volume of 91,535 shares. The firm has a market cap of $49.12 billion, a price-to-earnings ratio of 32.78 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. The firm has a 50 day moving average of $52.83 and a 200 day moving average of $53.37.
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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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