Imperial Brands PLC (NASDAQ:IMBBY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “

Separately, Credit Suisse Group AG upgraded Imperial Brands PLC from a “neutral” rating to an “outperform” rating and raised their target price for the company from $41.90 to $55.84 in a research note on Wednesday, March 1st.

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Imperial Brands PLC (NASDAQ:IMBBY) traded down 0.6157% during mid-day trading on Monday, reaching $48.8275. The company’s stock had a trading volume of 38,586 shares. The company has a market cap of $46.64 billion and a price-to-earnings ratio of 60.8064. The firm has a 50 day moving average price of $47.68 and a 200 day moving average price of $47.10. Imperial Brands PLC has a 52-week low of $41.90 and a 52-week high of $55.84.

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Imperial Brands PLC Company Profile

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.

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