Imperial Tobacco Group PLC (IMBBY) Stock Rating Upgraded by Zacks Investment Research
Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $58.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 20.51% from the stock’s current price.
According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “
Several other research firms have also weighed in on IMBBY. Credit Suisse Group AG lowered Imperial Tobacco Group PLC from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 21st. Beaufort Securities restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Saturday, October 1st. Goldman Sachs Group Inc. restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, August 23rd. Deutsche Bank AG restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Sunday, July 31st. Finally, Societe Generale restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, June 28th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Imperial Tobacco Group PLC has a consensus rating of “Buy” and an average target price of $2,129.00.
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Imperial Tobacco Group PLC (OTCMKTS:IMBBY) traded down 2.15% during mid-day trading on Wednesday, reaching $48.13. 62,901 shares of the company traded hands. The company’s 50 day moving average price is $52.06 and its 200 day moving average price is $53.14. The firm has a market capitalization of $45.90 billion, a P/E ratio of 31.29 and a beta of 0.69. Imperial Tobacco Group PLC has a 12-month low of $47.69 and a 12-month high of $55.84.
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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