Imperial Tobacco Group PLC (IMB) Price Target Increased to GBX 4,800 by Analysts at Jefferies Group
Imperial Tobacco Group PLC (LON:IMB) had its target price raised by Jefferies Group from GBX 4,600 ($56.93) to GBX 4,800 ($59.41) in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 24.51% from the stock’s previous close.
A number of other research analysts have also recently weighed in on IMB. BNP Paribas restated an “outperform” rating and issued a GBX 4,500 ($55.69) price target on shares of Imperial Tobacco Group PLC in a research report on Friday, July 8th. Barclays PLC restated an “overweight” rating and issued a GBX 4,400 ($54.46) price target on shares of Imperial Tobacco Group PLC in a research report on Wednesday, September 14th. Societe Generale restated a “buy” rating and issued a GBX 4,500 ($55.69) price target on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 2nd. Deutsche Bank AG raised their price target on Imperial Tobacco Group PLC from GBX 4,300 ($53.22) to GBX 4,500 ($55.69) and gave the company a “buy” rating in a research report on Friday, September 9th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 4,230 ($52.35) price objective on shares of Imperial Tobacco Group PLC in a research report on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Imperial Tobacco Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 4,152.31 ($51.39).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 3867.00 on Tuesday. Imperial Tobacco Group PLC has a 12 month low of GBX 3,393.00 and a 12 month high of GBX 4,154.00. The firm’s market cap is GBX 36.88 billion. The stock’s 50 day moving average is GBX 3,978.85 and its 200 day moving average is GBX 3,877.74.
In other news, insider Witts,Karen acquired 140 shares of Imperial Tobacco Group PLC stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of GBX 4,101 ($50.75) per share, with a total value of £5,741.40 ($7,105.69).
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.
Receive News & Stock Ratings for Imperial Tobacco Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Tobacco Group PLC and related stocks with our FREE daily email newsletter.