Imperial Tobacco Group PLC (IMT) Raised to “Buy” at Jefferies Group
Imperial Tobacco Group PLC (LON:IMT) was upgraded by stock analysts at Jefferies Group to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a GBX 4,600 ($60.04) target price on the stock, up from their prior target price of GBX 3,550 ($46.34). Jefferies Group’s price target would suggest a potential upside of 25.07% from the company’s current price.
A number of other brokerages have also commented on IMT. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 4,250 ($55.48) target price on shares of Imperial Tobacco Group PLC in a research report on Monday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, July 29th. Societe Generale reaffirmed a “buy” rating and issued a GBX 4,500 ($58.74) target price on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 4,230 ($55.21) target price on shares of Imperial Tobacco Group PLC in a research report on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Imperial Tobacco Group PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 4,041.41 ($52.75).
Shares of Imperial Tobacco Group PLC (LON:IMT) opened at 3678.00 on Wednesday. The firm has a 50-day moving average price of GBX 3,581.74 and a 200 day moving average price of GBX 3,443.56. Imperial Tobacco Group PLC has a 1-year low of GBX 2,926.00 and a 1-year high of GBX 3,898.00.
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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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