Jefferies Group Boosts Imperial Tobacco Group PLC (IMB) Price Target to GBX 4,800
Imperial Tobacco Group PLC (LON:IMB) had its price target boosted by analysts at Jefferies Group from GBX 4,600 ($56.93) to GBX 4,800 ($59.41) in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Jefferies Group’s price target would indicate a potential upside of 24.51% from the stock’s current price.
Other research analysts also recently issued reports about the company. Berenberg Bank boosted their price target on Imperial Tobacco Group PLC from GBX 4,230 ($52.35) to GBX 4,400 ($54.46) and gave the company a “buy” rating in a report on Thursday, July 7th. Societe Generale restated 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 report on Friday, July 29th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, August 23rd. Finally, Beaufort Securities restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Friday, September 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 4,152.31 ($51.39).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 3868.50 on Tuesday. Imperial Tobacco Group PLC has a one year low of GBX 3,393.00 and a one year high of GBX 4,154.00. The firm’s 50-day moving average price is GBX 3,978.85 and its 200-day moving average price is GBX 3,877.74. The stock’s market capitalization is GBX 36.89 billion.
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In other news, insider Witts,Karen acquired 140 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was bought at an average cost of GBX 4,101 ($50.75) per share, with a total value of £5,741.40 ($7,105.69).
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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