Imperial Tobacco Group PLC (IMB) PT Raised to GBX 4,600 at Jefferies Group
Imperial Tobacco Group PLC (LON:IMB) had its price objective raised by Jefferies Group from GBX 3,550 ($46.34) to GBX 4,600 ($60.04) in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 17.08% from the stock’s current price.
Several other research firms have also recently issued reports on IMB. Barclays PLC upgraded shares of Imperial Tobacco Group PLC to an “overweight” rating and set a GBX 4,200 ($54.82) price objective for the company in a report on Tuesday, May 24th. Societe Generale reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Wednesday, June 1st. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 3,900 ($50.91) price objective on shares of Imperial Tobacco Group PLC in a report on Thursday, June 9th. Citigroup Inc. reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Thursday, June 9th. Finally, Canaccord Genuity reiterated a “sell” rating and issued a GBX 3,250 ($42.42) price objective on shares of Imperial Tobacco Group PLC in a report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Imperial Tobacco Group PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 4,136.92 ($54.00).
Imperial Tobacco Group PLC (LON:IMB) traded down 1.95% during mid-day trading on Wednesday, reaching GBX 3929.00. 2,643,378 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 4,019.78 and a 200-day moving average of GBX 3,859.24. Imperial Tobacco Group PLC has a 52-week low of GBX 3,309.00 and a 52-week high of GBX 4,154.00. The company’s market capitalization is GBX 37.47 billion.
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In other news, insider Witts,Karen purchased 140 shares of Imperial Tobacco Group PLC stock in a transaction that occurred on Friday, August 12th. The stock was acquired at an average price of GBX 4,101 ($53.53) per share, for a total transaction of £5,741.40 ($7,494.32).
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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