Imperial Tobacco Group PLC’s (IMB) Neutral Rating Reiterated at Credit Suisse Group AG
Imperial Tobacco Group PLC (LON:IMB)‘s stock had its “neutral” rating restated by Credit Suisse Group AG in a note issued to investors on Monday. They presently have a GBX 4,100 ($49.97) price objective on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 7.39% from the stock’s current price.
IMB has been the subject of a number of other research reports. BNP Paribas reissued an “outperform” rating and set a GBX 4,100 ($49.97) target price on shares of Imperial Tobacco Group PLC in a research note on Monday, June 27th. Barclays PLC reissued an “overweight” rating and set a GBX 4,400 ($53.63) target price on shares of Imperial Tobacco Group PLC in a research note on Wednesday, September 14th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 4,230 ($51.55) target price on shares of Imperial Tobacco Group PLC in a research note on Thursday, October 6th. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 4,250 ($51.80) target price on shares of Imperial Tobacco Group PLC in a research note on Tuesday, September 13th. Finally, Deutsche Bank AG boosted their target price on shares of Imperial Tobacco Group PLC from GBX 4,300 ($52.41) to GBX 4,500 ($54.84) and gave the stock a “buy” rating in a research note on Friday, September 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Imperial Tobacco Group PLC has an average rating of “Buy” and an average target price of GBX 4,160 ($50.70).
Imperial Tobacco Group PLC (LON:IMB) traded down 1.85% during mid-day trading on Monday, reaching GBX 3818.00. 2,497,468 shares of the company were exchanged. Imperial Tobacco Group PLC has a 1-year low of GBX 3,393.00 and a 1-year high of GBX 4,154.00. The company’s market capitalization is GBX 36.41 billion. The company has a 50 day moving average of GBX 3,966.09 and a 200-day moving average of GBX 3,879.03.
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In related news, insider Witts,Karen acquired 140 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were purchased at an average cost of GBX 4,101 ($49.98) per share, for a total transaction of £5,741.40 ($6,997.44).
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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