Imperial Tobacco Group PLC (IMT) Given New GBX 4,800 Price Target at Jefferies Group
Imperial Tobacco Group PLC (LON:IMT) had its price target increased by equities researchers at Jefferies Group from GBX 4,600 ($56.93) to GBX 4,800 ($59.41) in a report issued on Tuesday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 30.51% from the company’s current price.
A number of other research analysts also recently issued reports on IMT. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 4,230 ($52.35) price objective on shares of Imperial Tobacco Group PLC in a research report on Thursday, October 6th. Beaufort Securities reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, September 30th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 4,400 ($54.46) price objective on shares of Imperial Tobacco Group PLC in a research report on Friday, September 30th. Credit Suisse Group AG downgraded shares of Imperial Tobacco Group PLC to a “neutral” rating and cut their price objective for the stock from GBX 4,250 ($52.60) to GBX 4,000 ($49.50) in a research report on Wednesday, September 21st. Finally, Societe Generale reaffirmed a “buy” rating and issued a GBX 4,500 ($55.69) price objective on shares of Imperial Tobacco Group PLC in a research report on Friday, September 9th. Two 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. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,073.38 ($50.41).
Imperial Tobacco Group PLC (LON:IMT) traded up 1.31% on Tuesday, reaching GBX 3678.00. 2,787,997 shares of the company’s stock traded hands. The stock 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 12-month low of GBX 2,926.00 and a 12-month high of GBX 3,898.00.
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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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