Imperial Tobacco Group PLC (IMT) Given New GBX 4,800 Price Target at Jefferies Group
Imperial Tobacco Group PLC (LON:IMT) had its target price raised by equities research analysts at Jefferies Group from GBX 4,600 ($56.93) to GBX 4,800 ($59.41) in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 30.51% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 4,230 ($52.35) price objective on shares of Imperial Tobacco Group PLC in a report on Thursday, October 6th. Beaufort Securities restated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Friday, September 30th. Barclays PLC reiterated an “overweight” rating and set a GBX 4,400 ($54.46) price target on shares of Imperial Tobacco Group PLC in a report on Friday, September 30th. Credit Suisse Group AG cut shares of Imperial Tobacco Group PLC to a “neutral” rating and cut their price target for the company from GBX 4,250 ($52.60) to GBX 4,000 ($49.50) in a report on Wednesday, September 21st. Finally, Societe Generale reiterated a “buy” rating and set a GBX 4,500 ($55.69) price target on shares of Imperial Tobacco Group PLC in a report on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 4,073.38 ($50.41).
Imperial Tobacco Group PLC (LON:IMT) traded up 1.31% during midday trading on Tuesday, hitting GBX 3678.00. 2,787,997 shares of the company were exchanged. The stock has a 50 day moving average of GBX 3,581.74 and a 200-day moving average of GBX 3,443.56. Imperial Tobacco Group PLC has a 1-year low of GBX 2,926.00 and a 1-year high of GBX 3,898.00.
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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