Zacks Investment Research upgraded shares of Imperial Brands PLC (NASDAQ:IMBBY) from a hold rating to a buy rating in a report released on Tuesday. Zacks Investment Research currently has $47.00 price target on the stock.

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. “

A number of other brokerages have also commented on IMBBY. Piper Jaffray Companies assumed coverage on Imperial Brands PLC in a research note on Thursday, May 25th. They set an overweight rating for the company. Royal Bank Of Canada raised Imperial Brands PLC from a sector perform rating to an outperform rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $51.42.

Imperial Brands PLC (IMBBY) opened at 41.85 on Tuesday. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $46.74. The stock has a market capitalization of $39.94 billion and a PE ratio of 30.64. Imperial Brands PLC has a one year low of $41.43 and a one year high of $54.91.

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About Imperial Brands PLC

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.

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