Imperial Brands PLC (IMBBY) Upgraded at Zacks Investment Research
Imperial Brands PLC (NASDAQ:IMBBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $47.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 6.29% from the company’s previous close.
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. “
IMBBY has been the subject of a number of other reports. Piper Jaffray Companies initiated coverage on Imperial Brands PLC in a research note on Thursday, May 25th. They set an “overweight” rating for the company. Royal Bank Of Canada raised Imperial Brands PLC from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Imperial Brands PLC has a consensus rating of “Buy” and a consensus target price of $51.42.
Shares of Imperial Brands PLC (NASDAQ IMBBY) traded up 1.4446% during trading on Wednesday, hitting $44.2197. The company had a trading volume of 599,756 shares. The firm’s 50 day moving average is $42.99 and its 200-day moving average is $46.60. Imperial Brands PLC has a 52 week low of $41.43 and a 52 week high of $52.85. The stock has a market capitalization of $42.39 billion and a P/E ratio of 32.3717.
TRADEMARK VIOLATION WARNING: This article was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/10/imperial-brands-plc-imbby-upgraded-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Imperial Brands PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands PLC and related companies with MarketBeat.com's FREE daily email newsletter.