Imperial Tobacco Group PLC (IMB) Receives Overweight Rating from Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Imperial Tobacco Group PLC (LON:IMB) in a research note released on Friday morning. The firm currently has a GBX 4,400 ($57.43) target price on the stock.
Other equities research analysts have also issued reports about the stock. 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 research note on Friday. Jefferies Group raised their price objective on shares of 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 research report on Wednesday, September 21st. BNP Paribas reissued an outperform rating and set a GBX 4,500 ($58.74) price objective on shares of Imperial Tobacco Group PLC in a research report on Friday, July 8th. Credit Suisse Group AG reissued a neutral rating and set a GBX 4,000 ($52.21) price objective on shares of Imperial Tobacco Group PLC in a research report on Thursday. Finally, Citigroup Inc. reissued a buy rating on shares of Imperial Tobacco Group PLC in a research report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 4,136.92 ($54.00).
Imperial Tobacco Group PLC (LON:IMB) traded up 1.20% on Friday, hitting GBX 4021.00. 1,517,193 shares of the company traded hands. Imperial Tobacco Group PLC has a 12 month low of GBX 3,324.00 and a 12 month high of GBX 4,154.00. The stock’s market cap is GBX 38.35 billion. The stock’s 50-day moving average is GBX 4,007.61 and its 200 day moving average is GBX 3,870.08.
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 purchased at an average price of GBX 4,101 ($53.53) per share, with a total value 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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