Credit Suisse Group AG downgraded shares of Imperial Tobacco Group PLC (LON:IMT) to a neutral rating in a research note published on Wednesday morning, StockTargetPrices.com reports. Credit Suisse Group AG currently has GBX 4,000 ($52.21) price target on the stock, down from their prior price target of GBX 4,250 ($55.48).
A number of other equities research analysts have also recently issued reports on IMT. Citigroup Inc. reiterated a neutral rating on shares of Imperial Tobacco Group PLC in a research note on Wednesday, June 1st. Societe Generale reiterated a buy rating on shares of Imperial Tobacco Group PLC in a research note on Wednesday, June 1st. Berenberg Bank upped their price objective on Imperial Tobacco Group PLC from GBX 4,230 ($55.21) to GBX 4,400 ($57.43) and gave the stock a buy rating in a research note on Thursday, July 7th. Barclays PLC restated an overweight rating and issued a GBX 4,400 ($57.43) price target on shares of Imperial Tobacco Group PLC in a research note on Wednesday, September 14th. Finally, JPMorgan Chase & Co. increased their price target on Imperial Tobacco Group PLC from GBX 3,940 ($51.43) to GBX 4,230 ($55.21) and gave the company a neutral rating in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Imperial Tobacco Group PLC has a consensus rating of Buy and a consensus target price of GBX 4,041.41 ($52.75).
Imperial Tobacco Group PLC (LON:IMT) opened at 3678.00 on Wednesday. The firm’s 50 day moving average price is GBX 3,581.74 and its 200-day moving average price is GBX 3,443.56. Imperial Tobacco Group PLC has a one year low of GBX 2,926.00 and a one year high of GBX 3,898.00.
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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