Societe Generale Reaffirms “Buy” Rating for Imperial Tobacco Group PLC (IMT)
Societe Generale reaffirmed their buy rating on shares of Imperial Tobacco Group PLC (LON:IMT) in a research report report published on Thursday morning, StockTargetPrices.com reports. The brokerage currently has a GBX 4,500 ($56.22) price objective on the stock.
Other research analysts have also recently issued research reports about the company. Deutsche Bank AG upped their price target on Imperial Tobacco Group PLC from GBX 4,300 ($53.72) to GBX 4,500 ($56.22) and gave the company a buy rating in a report on Friday, September 9th. Goldman Sachs Group Inc. reissued a buy rating on shares of Imperial Tobacco Group PLC in a research note on Tuesday, August 23rd. Jefferies Group raised shares of Imperial Tobacco Group PLC to a buy rating and boosted their target price for the company from GBX 3,550 ($44.35) to GBX 4,600 ($57.47) in a research note on Wednesday, September 21st. Beaufort Securities reissued a buy rating on shares of Imperial Tobacco Group PLC in a research note on Friday, September 30th. Finally, Berenberg Bank cut their target price on shares of Imperial Tobacco Group PLC from GBX 4,500 ($56.22) to GBX 4,280 ($53.47) and set a buy rating on the stock in a research note on Thursday, November 10th. Two research 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 stock presently has an average rating of Hold and a consensus price target of GBX 4,102.27 ($51.25).
Imperial Tobacco Group PLC (LON:IMT) opened at 3678.00 on Thursday. Imperial Tobacco Group PLC has a 1-year low of GBX 2,926.00 and a 1-year high of GBX 3,898.00. The company has a 50-day moving average price of GBX 3,581.74 and a 200 day moving average price of GBX 3,443.56.
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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