Societe Generale Upgrades Imperial Tobacco Group PLC (IMB) to Buy
Imperial Tobacco Group PLC (LON:IMB) was upgraded by equities researchers at Societe Generale to a “buy” rating in a report issued on Thursday. The brokerage presently has a GBX 4,500 ($55.74) target price on the stock, up from their previous target price of GBX 4,250 ($52.64). Societe Generale’s target price would suggest a potential upside of 31.02% from the stock’s current price.
A number of other research firms have also recently weighed in on IMB. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 4,230 ($52.40) price target on shares of Imperial Tobacco Group PLC in a report on Wednesday, August 24th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, August 23rd. Barclays PLC reissued an “overweight” rating and set a GBX 4,400 ($54.50) target price on shares of Imperial Tobacco Group PLC in a report on Thursday, September 8th. Deutsche Bank AG reissued a “buy” rating and set a GBX 4,300 ($53.26) target price on shares of Imperial Tobacco Group PLC in a report on Tuesday, July 19th. Finally, Credit Suisse Group AG cut Imperial Tobacco Group PLC to a “neutral” rating and dropped their target price for the stock from GBX 4,250 ($52.64) to GBX 4,000 ($49.55) in a report on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Imperial Tobacco Group PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 4,145.71 ($51.35).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 3458.00 on Thursday. The firm’s 50-day moving average price is GBX 3,874.99 and its 200-day moving average price is GBX 3,883.42. The firm’s market cap is GBX 33.00 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 also recently declared a dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, February 16th will be given a GBX 54.10 ($0.67) dividend. 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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