Imperial Tobacco Group PLC (IMT) Cut to “Neutral” at Credit Suisse Group AG
Imperial Tobacco Group PLC (LON:IMT) was downgraded by equities research analysts at Credit Suisse Group AG to a “neutral” rating in a report issued on Wednesday. They currently have a GBX 4,000 ($52.21) price objective on the stock, down from their prior price objective of GBX 4,250 ($55.48). Credit Suisse Group AG’s price objective points to a potential upside of 8.75% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG reissued a “buy” rating and issued a GBX 4,300 ($56.13) price objective on shares of Imperial Tobacco Group PLC in a research note on Tuesday, July 19th. Berenberg Bank reissued a “buy” rating and issued a GBX 4,230 ($55.21) price objective on shares of Imperial Tobacco Group PLC in a research note on Tuesday, June 14th. Societe Generale reissued a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Wednesday, June 1st. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Imperial Tobacco Group PLC from GBX 3,700 ($48.30) to GBX 3,940 ($51.43) and gave the company a “neutral” rating in a research note on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 4,041.41 ($52.75).
Shares of Imperial Tobacco Group PLC (LON:IMT) opened at 3678.00 on Wednesday. Imperial Tobacco Group PLC has a 12 month low of GBX 2,926.00 and a 12 month high of GBX 3,898.00. The stock has a 50 day moving average of GBX 3,581.74 and a 200-day moving average of GBX 3,443.56.
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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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