Imperial Tobacco Group PLC (IMB) Rating Reiterated by Credit Suisse Group AG
Imperial Tobacco Group PLC (LON:IMB)‘s stock had its “neutral” rating reaffirmed by equities researchers at Credit Suisse Group AG in a report released on Monday. They currently have a GBX 4,100 ($49.97) price objective on the stock. Credit Suisse Group AG’s price target suggests a potential upside of 6.87% from the stock’s current price.
Several other analysts also recently commented on IMB. BNP Paribas reiterated an “outperform” rating and issued a GBX 4,100 ($49.97) price target on shares of Imperial Tobacco Group PLC in a research report on Monday, June 27th. Societe Generale reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, June 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 3,940 ($48.02) price target (up previously from GBX 3,700 ($45.09)) on shares of Imperial Tobacco Group PLC in a research report on Wednesday, June 29th. Berenberg Bank upped their price target on shares of Imperial Tobacco Group PLC from GBX 4,230 ($51.55) to GBX 4,400 ($53.63) and gave the company a “buy” rating in a research report on Thursday, July 7th. Finally, Barclays PLC upped their price target on shares of Imperial Tobacco Group PLC from GBX 4,200 ($51.19) to GBX 4,400 ($53.63) and gave the company an “overweight” rating in a research report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 4,149.23 ($50.57).
Imperial Tobacco Group PLC (LON:IMB) opened at 3824.00 on Monday. The stock’s market capitalization is GBX 36.47 billion. The firm’s 50-day moving average is GBX 3,955.86 and its 200 day moving average is GBX 3,879.64. Imperial Tobacco Group PLC has a 12-month low of GBX 3,393.00 and a 12-month high of GBX 4,154.00.
In related news, insider Witts,Karen purchased 140 shares of the stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of GBX 4,101 ($49.98) per share, with a total value of £5,741.40 ($6,997.44).
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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