Imperial Tobacco Group PLC (IMB) PT Lowered to GBX 4,090 at JPMorgan Chase & Co.
Imperial Tobacco Group PLC (LON:IMB) had its price target reduced by analysts at JPMorgan Chase & Co. from GBX 4,230 ($51.55) to GBX 4,090 ($49.85) in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 6.61% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Deutsche Bank AG upped their price target on shares of Imperial Tobacco Group PLC from GBX 4,300 ($52.41) to GBX 4,500 ($54.84) and gave the company a “buy” rating in a research note on Friday, September 9th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Tuesday, August 23rd. Societe Generale restated a “buy” rating and issued a GBX 4,500 ($54.84) price target on shares of Imperial Tobacco Group PLC in a research note on Tuesday, August 2nd. Berenberg Bank upped their price target on shares of Imperial Tobacco Group PLC from GBX 4,230 ($51.55) to GBX 4,400 ($53.63) and gave the company a “buy” rating in a research note on Thursday, July 7th. Finally, Jefferies Group upped their price objective on shares of Imperial Tobacco Group PLC from GBX 3,550 ($43.27) to GBX 4,600 ($56.06) and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Imperial Tobacco Group PLC presently has an average rating of “Buy” and a consensus target price of GBX 4,149.23 ($50.57).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 3836.50 on Wednesday. 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 3,955.86 and a 200 day moving average of GBX 3,879.64. The firm’s market cap is GBX 36.59 billion.
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In related news, insider Witts,Karen bought 140 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was purchased at an average price of GBX 4,101 ($49.98) per share, with a total value 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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