JPMorgan Chase & Co. Trims Imperial Tobacco Group PLC (IMT) Target Price to GBX 4,090
Imperial Tobacco Group PLC (LON:IMT) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from GBX 4,230 ($51.55) to GBX 4,090 ($49.85) in a research report issued on Wednesday, StockTargetPrices.com reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 11.20% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. Societe Generale restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, June 28th. Credit Suisse Group AG raised their target price on Imperial Tobacco Group PLC from GBX 4,100 ($49.97) to GBX 4,250 ($51.80) and gave the stock an “outperform” rating in a report on Monday, July 4th. Berenberg Bank raised their target price on Imperial Tobacco Group PLC from GBX 4,230 ($51.55) to GBX 4,400 ($53.63) and gave the stock a “buy” rating in a report on Thursday, July 7th. Barclays PLC raised their target price on Imperial Tobacco Group PLC from GBX 4,200 ($51.19) to GBX 4,400 ($53.63) and gave the stock an “overweight” rating in a report on Friday, July 8th. Finally, BNP Paribas restated an “outperform” rating and set a GBX 4,500 ($54.84) target price on shares of Imperial Tobacco Group PLC in a report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 4,070.88 ($49.61).
Shares of Imperial Tobacco Group PLC (LON:IMT) opened at 3678.00 on Wednesday. Imperial Tobacco Group PLC has a 52 week low of GBX 2,926.00 and a 52 week high of GBX 3,898.00. The company has a 50 day moving average price of GBX 3,581.74 and a 200 day moving average price of GBX 3,443.56.
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About Imperial Tobacco Group PLC
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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