Imperial Tobacco Group PLC (IMT) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Imperial Tobacco Group PLC (LON:IMT)‘s stock had its “neutral” rating reissued by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, StockTargetPrices.com reports. They currently have a GBX 4,230 ($55.21) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 15.01% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity restated a “sell” rating and set a GBX 3,250 ($42.42) price target on shares of Imperial Tobacco Group PLC in a research report on Friday, June 10th. Berenberg Bank restated a “buy” rating and set a GBX 4,230 ($55.21) price target on shares of Imperial Tobacco Group PLC in a research report on Tuesday, June 14th. Deutsche Bank AG restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, July 29th. Societe Generale reiterated a “buy” rating and issued a GBX 4,500 ($58.74) price objective on shares of Imperial Tobacco Group PLC in a report on Friday, September 9th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 4,500 ($58.74) price objective on shares of Imperial Tobacco Group PLC in a report on Friday, July 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Imperial Tobacco Group PLC presently has a consensus rating of “Hold” and an average target price of GBX 4,060.88 ($53.01).
Shares of Imperial Tobacco Group PLC (LON:IMT) traded up 1.31% during midday trading on Thursday, hitting GBX 3678.00. The company had a trading volume of 2,787,997 shares. Imperial Tobacco Group PLC has a 52 week low of GBX 2,926.00 and a 52 week high of GBX 3,898.00. The firm’s 50 day moving average is GBX 3,581.74 and its 200 day moving average is GBX 3,443.56.
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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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