Zacks Investment Research cut shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY) from a buy rating to a sell rating in a research report sent to investors on Wednesday.

According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “

Several other equities research analysts also recently issued reports on the company. Beaufort Securities reaffirmed a buy rating on shares of Imperial Tobacco Group PLC in a report on Thursday, November 10th. Jefferies Group reaffirmed a buy rating on shares of Imperial Tobacco Group PLC in a report on Thursday, October 13th. Goldman Sachs Group Inc. reaffirmed a buy rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a buy rating on shares of Imperial Tobacco Group PLC in a report on Sunday, July 31st. Finally, Citigroup Inc. downgraded Imperial Tobacco Group PLC from a buy rating to a neutral rating in a report on Friday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Imperial Tobacco Group PLC presently has an average rating of Buy and a consensus price target of $2,129.00.

Analyst Recommendations for Imperial Tobacco Group PLC (OTCMKTS:IMBBY)

Imperial Tobacco Group PLC (OTCMKTS:IMBBY) traded up 1.16% during midday trading on Wednesday, hitting $43.20. 7,184 shares of the stock traded hands. Imperial Tobacco Group PLC has a 12-month low of $42.14 and a 12-month high of $55.84. The firm’s 50 day moving average is $0.00 and its 200-day moving average is $0.00.

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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