Imperial Tobacco Group PLC (IMB) Given “Buy” Rating at Beaufort Securities
Several other research analysts have also recently issued reports on the company. Barclays PLC reaffirmed an overweight rating and set a GBX 4,400 ($57.43) target price on shares of Imperial Tobacco Group PLC in a research report on Friday. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 4,230 ($55.21) price target on shares of Imperial Tobacco Group PLC in a report on Friday. Credit Suisse Group AG reiterated a neutral rating and set a GBX 4,000 ($52.21) price target on shares of Imperial Tobacco Group PLC in a report on Thursday. Jefferies Group lifted their price target on Imperial Tobacco Group PLC from GBX 3,550 ($46.34) to GBX 4,600 ($60.04) and gave the stock a buy rating in a report on Wednesday, September 21st. Finally, Goldman Sachs Group Inc. reiterated a buy rating and set a GBX 4,250 ($55.48) price target on shares of Imperial Tobacco Group PLC in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 4,136.92 ($54.00).
Imperial Tobacco Group PLC (LON:IMB) traded up 1.20% during mid-day trading on Friday, hitting GBX 4021.00. The stock had a trading volume of 1,517,193 shares. The company’s 50 day moving average is GBX 4,007.61 and its 200-day moving average is GBX 3,870.08. The stock’s market capitalization is GBX 38.35 billion. Imperial Tobacco Group PLC has a 52 week low of GBX 3,324.00 and a 52 week high of GBX 4,154.00.
In related news, insider Witts,Karen acquired 140 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average cost of GBX 4,101 ($53.53) per share, for a total transaction of £5,741.40 ($7,494.32).
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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