Goldman Sachs Group Inc. Trims Imperial Tobacco Group PLC (IMB) Target Price to GBX 4,300
Imperial Tobacco Group PLC (LON:IMB) had its price target trimmed by Goldman Sachs Group Inc. from GBX 4,340 ($53.76) to GBX 4,300 ($53.26) in a report published on Wednesday. The brokerage currently has a buy rating on the stock.
A number of other research firms have also commented on IMB. Barclays PLC reaffirmed an overweight rating and issued a GBX 4,400 ($54.50) price target on shares of Imperial Tobacco Group PLC in a report on Tuesday, November 8th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 4,230 ($52.40) price target on shares of Imperial Tobacco Group PLC in a report on Thursday, October 6th. Deutsche Bank AG reaffirmed a buy rating on shares of Imperial Tobacco Group PLC in a report on Friday, July 29th. Jefferies Group raised their price target on Imperial Tobacco Group PLC from GBX 3,550 ($43.97) to GBX 4,600 ($56.98) and gave the stock a buy rating in a report on Wednesday, September 21st. Finally, Beaufort Securities reaffirmed a buy rating on shares of Imperial Tobacco Group PLC in a report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 4,145.71 ($51.35).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 3460.50 on Wednesday. The firm’s market capitalization is GBX 33.02 billion. Imperial Tobacco Group PLC has a one year low of GBX 3,350.50 and a one year high of GBX 4,154.00. The firm has a 50-day moving average of GBX 3,874.99 and a 200-day moving average of GBX 3,883.42.
The company also recently declared a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, February 16th will be given a dividend of GBX 54.10 ($0.67) per share. The ex-dividend date is Thursday, February 16th. This represents a yield of 1.47%.
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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