Imperial Tobacco Group PLC (OTCMKTS:IMBBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $58.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 17.91% from the stock’s current price.
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 have also recently weighed in on IMBBY. Citigroup Inc. reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Thursday, June 9th. Bank of America Corp. reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Wednesday, June 15th. Royal Bank Of Canada upgraded shares of Imperial Tobacco Group PLC from an “underperform” rating to a “sector perform” rating in a research note on Friday, June 17th. Societe Generale reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a research note on Tuesday, June 28th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Sunday, July 31st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Imperial Tobacco Group PLC has an average rating of “Buy” and a consensus target price of $2,129.00.
Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY) opened at 49.19 on Wednesday. Imperial Tobacco Group PLC has a 52-week low of $48.57 and a 52-week high of $55.84. The firm has a 50-day moving average price of $52.22 and a 200-day moving average price of $53.19. The firm has a market capitalization of $46.91 billion, a P/E ratio of 32.07 and a beta of 0.69.
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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