Jefferies Group Lowers Imperial Tobacco Group PLC (IMB) Price Target to GBX 4,300
Imperial Tobacco Group PLC (LON:IMB) had its price objective reduced by analysts at Jefferies Group from GBX 4,800 ($59.97) to GBX 4,300 ($53.72) in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 23.99% from the stock’s previous close.
Several other research analysts also recently weighed in on IMB. Deutsche Bank AG restated a “buy” rating and issued a GBX 4,300 ($53.72) price target on shares of Imperial Tobacco Group PLC in a research note on Tuesday, July 19th. Societe Generale reiterated a “buy” rating and set a GBX 4,500 ($56.22) target price on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 4,230 ($52.85) target price on shares of Imperial Tobacco Group PLC in a research report on Wednesday, August 24th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 4,400 ($54.97) target price on shares of Imperial Tobacco Group PLC in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Imperial Tobacco Group PLC presently has a consensus rating of “Buy” and an average price target of GBX 4,092.14 ($51.13).
Imperial Tobacco Group PLC (LON:IMB) opened at 3425.50 on Tuesday. The firm has a 50-day moving average of GBX 3,833.70 and a 200 day moving average of GBX 3,881.49. 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 firm’s market capitalization is GBX 32.69 billion.
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 GBX 54.10 ($0.68) dividend. The ex-dividend date of this dividend 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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