Imperial Tobacco Group (OTCMKTS:IMBBY) Cut to Hold at UBS Group

UBS Group cut shares of Imperial Tobacco Group (OTCMKTS:IMBBY) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Imperial Tobacco Group Stock Up 0.7%

OTCMKTS:IMBBY opened at $38.06 on Wednesday. Imperial Tobacco Group has a 52 week low of $35.48 and a 52 week high of $45.60. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.37 and a current ratio of 0.74. The stock’s 50-day moving average price is $42.30 and its 200-day moving average price is $41.94.

Imperial Tobacco Group Company Profile

Imperial Tobacco Group, historically established in the United Kingdom in 1901 and now operating under the Imperial Brands name, is a multinational tobacco and nicotine company headquartered in Bristol, England. The company’s core business is the manufacture, marketing and sale of tobacco products and alternative nicotine offerings to adult consumers. It supplies products through a combination of owned channels and third-party distributors and focuses on managing an international portfolio of consumer tobacco and nicotine brands.

Product categories include manufactured cigarettes, cigars and fine-cut tobacco for roll-your-own use, together with a growing range of next-generation nicotine products such as vaping devices, heated tobacco and non-combustible nicotine formats that reflect a strategic shift toward reduced-risk alternatives.