Imperial Tobacco Group PLC (IMB) Stock Rating Upgraded by Octagon Capital
Imperial Tobacco Group PLC (LON:IMB) was upgraded by equities research analysts at Octagon Capital to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a GBX 4,500 ($55.74) target price on the stock, up from their previous target price of GBX 4,250 ($52.64). Octagon Capital’s price target points to a potential upside of 31.02% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Barclays PLC reiterated an “overweight” rating and issued a GBX 4,400 ($54.50) target price on shares of Imperial Tobacco Group PLC in a research note on Tuesday, November 8th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 4,250 ($52.64) target price on shares of Imperial Tobacco Group PLC in a research note on Tuesday, September 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 4,230 ($52.40) target price on shares of Imperial Tobacco Group PLC in a research note on Thursday, October 6th. Deutsche Bank AG reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Friday, July 29th. Finally, Jefferies Group lifted their target price on shares of 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 research note on Wednesday, September 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 4,145.71 ($51.35).
Imperial Tobacco Group PLC (LON:IMB) opened at 3461.00 on Thursday. The company’s 50 day moving average is GBX 3,874.99 and its 200-day moving average is GBX 3,883.42. 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 33.03 billion.
The company also recently announced a dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, February 16th will be issued a dividend of GBX 54.10 ($0.67) per share. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, February 16th.
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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