JPMorgan Chase & Co. Cuts Imperial Tobacco Group PLC (IMT) Price Target to GBX 3,660
Imperial Tobacco Group PLC (LON:IMT) had its price objective cut by equities researchers at JPMorgan Chase & Co. from GBX 4,090 ($50.66) to GBX 3,660 ($45.34) in a research report issued on Friday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 0.49% from the stock’s current price.
A number of other brokerages also recently weighed in on IMT. Barclays PLC reaffirmed an “overweight” rating and set a GBX 4,400 ($54.50) price target on shares of Imperial Tobacco Group PLC in a report on Wednesday, September 14th. Societe Generale reaffirmed a “buy” rating and set a GBX 4,500 ($55.74) price target on shares of Imperial Tobacco Group PLC in a report on Friday, September 9th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 4,100 ($50.79) price target on shares of Imperial Tobacco Group PLC in a report on Monday, October 17th. Goldman Sachs Group Inc. cut their price target on shares of Imperial Tobacco Group PLC from GBX 4,340 ($53.76) to GBX 4,300 ($53.26) and set a “buy” rating for the company in a report on Wednesday. Finally, Jefferies Group raised shares of Imperial Tobacco Group PLC to a “buy” rating and upped their price target for the stock from GBX 3,550 ($43.97) to GBX 4,600 ($56.98) in a report on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 4,102.27 ($50.81).
Imperial Tobacco Group PLC (LON:IMT) opened at 3678.00 on Friday. The firm 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 52 week low of GBX 2,926.00 and a 52 week 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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