Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was upgraded by stock analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other research firms have also recently weighed in on IMBBY. Credit Suisse Group AG cut Imperial Tobacco Group PLC from an “outperform” rating to a “neutral” rating in a report on Wednesday. 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. Finally, Societe Generale reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Wednesday, June 1st. Two investment analysts have rated the stock with a hold rating and eight have issued 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 2.11% during trading on Wednesday, reaching $51.01. The company had a trading volume of 9,117 shares. The firm has a market capitalization of $48.65 billion, a P/E ratio of 32.47 and a beta of 0.62. The firm’s 50 day moving average price is $52.83 and its 200 day moving average price is $53.37. Imperial Tobacco Group PLC has a 12 month low of $48.57 and a 12 month high of $55.84.

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-imbby-upgraded-at-jefferies-group.html

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.

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.