Imperial Tobacco Group PLC (IMB) Receives Neutral Rating from Credit Suisse Group AG
Credit Suisse Group AG reissued their neutral rating on shares of Imperial Tobacco Group PLC (LON:IMB) in a report issued on Thursday. The brokerage currently has a GBX 4,000 ($52.21) price objective on the stock.
A number of other research firms have also recently weighed in on IMB. Deutsche Bank AG reiterated a buy rating and set a GBX 4,300 ($56.13) price objective on shares of Imperial Tobacco Group PLC in a research report on Tuesday, July 19th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 3,780 ($49.34) price objective on shares of Imperial Tobacco Group PLC in a research report on Friday, June 10th. Goldman Sachs Group Inc. reiterated a buy rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 23rd. Societe Generale reiterated a buy rating and set a GBX 4,500 ($58.74) price objective on shares of Imperial Tobacco Group PLC in a research report on Friday, September 9th. Finally, Canaccord Genuity restated a sell rating and issued a GBX 3,250 ($42.42) price target on shares of Imperial Tobacco Group PLC in a report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Imperial Tobacco Group PLC currently has a consensus rating of Buy and an average target price of GBX 4,136.92 ($54.00).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 3963.00 on Thursday. Imperial Tobacco Group PLC has a 12 month low of GBX 3,323.00 and a 12 month high of GBX 4,154.00. The firm’s 50-day moving average is GBX 4,009.89 and its 200 day moving average is GBX 3,869.35. The stock’s market cap is GBX 37.80 billion.
In related news, insider Witts,Karen acquired 140 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average cost of GBX 4,101 ($53.53) per share, with a total value of £5,741.40 ($7,494.32).
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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