Imperial Tobacco Group PLC (IMB) Receives “Neutral” Rating from Credit Suisse Group AG
Imperial Tobacco Group PLC (LON:IMB)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Monday. They currently have a GBX 4,100 ($50.74) target price on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 5.40% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Societe Generale reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, June 28th. Berenberg Bank raised their price target on shares of Imperial Tobacco Group PLC from GBX 4,230 ($52.35) to GBX 4,400 ($54.46) and gave the stock a “buy” rating in a research report on Thursday, July 7th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, July 29th. Finally, Jefferies Group raised their price target on shares of Imperial Tobacco Group PLC from GBX 3,550 ($43.94) to GBX 4,600 ($56.93) and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Imperial Tobacco Group PLC currently has an average rating of “Buy” and an average price target of GBX 4,160 ($51.49).
Imperial Tobacco Group PLC (LON:IMB) opened at 3846.50 on Monday. 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 firm has a 50 day moving average of GBX 3,966.09 and a 200-day moving average of GBX 3,879.03. The company’s market capitalization is GBX 36.68 billion.
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In other news, insider Witts,Karen acquired 140 shares of Imperial Tobacco Group PLC stock in a transaction on Friday, August 12th. The shares were purchased at an average cost of GBX 4,101 ($50.75) per share, for a total transaction 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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