Imperial Tobacco Group PLC (IMB) Price Target Cut to GBX 4,280
Imperial Tobacco Group PLC (LON:IMB) had its price objective cut by Berenberg Bank from GBX 4,500 ($55.74) to GBX 4,280 ($53.02) in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 24.62% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Goldman Sachs Group Inc. restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 23rd. Societe Generale restated a “buy” rating and issued a GBX 4,500 ($55.74) target price on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 2nd. Deutsche Bank AG restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, July 29th. Jefferies Group raised their target price on Imperial Tobacco Group PLC from GBX 3,550 ($43.97) to GBX 4,600 ($56.98) and gave the company a “buy” rating in a research report on Wednesday, September 21st. Finally, Beaufort Securities restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, September 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 4,145.71 ($51.35).
Imperial Tobacco Group PLC (LON:IMB) opened at 3439.8801 on Thursday. Imperial Tobacco Group PLC has a 12 month low of GBX 3,350.50 and a 12 month high of GBX 4,154.00. The company’s market cap is GBX 32.83 billion. The firm has a 50-day moving average price of GBX 3,874.99 and a 200 day moving average price of GBX 3,883.42.
The firm also recently announced a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, February 16th will be paid a dividend of GBX 54.10 ($0.67) per share. The ex-dividend date of this dividend is Thursday, February 16th. This represents a yield of 1.47%.
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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