Imperial Tobacco Group PLC (IMB) Earns “Neutral” Rating from JPMorgan Chase & Co.
Imperial Tobacco Group PLC (LON:IMB)‘s stock had its “neutral” rating reissued by equities researchers at JPMorgan Chase & Co. in a research note issued on Thursday. They currently have a GBX 4,230 ($55.21) price objective on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 9.63% from the company’s previous close.
Several other research analysts have also recently commented on the stock. Societe Generale reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, June 28th. Deutsche Bank AG restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, July 29th. Jefferies Group boosted their price objective on shares of Imperial Tobacco Group PLC from GBX 3,550 ($46.34) to GBX 4,600 ($60.04) and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 4,250 ($55.48) price objective on shares of Imperial Tobacco Group PLC in a research report on Tuesday, September 13th. Finally, Beaufort Securities restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, September 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 4,136.92 ($54.00).
Imperial Tobacco Group PLC (LON:IMB) traded down 0.75% during mid-day trading on Thursday, reaching GBX 3858.50. 3,423,329 shares of the company traded hands. Imperial Tobacco Group PLC has a 52 week low of GBX 3,393.00 and a 52 week high of GBX 4,154.00. The stock’s 50 day moving average price is GBX 3,986.31 and its 200 day moving average price is GBX 3,876.23. The firm’s market capitalization is GBX 36.80 billion.
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 https://www.americanbankingnews.com/2016/10/07/imperial-tobacco-group-plc-imb-earns-neutral-rating-from-jpmorgan-chase-co-2.html
In other news, insider Witts,Karen acquired 140 shares of the company’s stock in a transaction on Friday, August 12th. The shares were bought at an average cost of GBX 4,101 ($53.53) per share, with a total value 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.
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.