Jefferies Group upgraded shares of Imperial Tobacco Group PLC (LON:IMT) to a buy rating in a research report report published on Wednesday, StockTargetPrices.com reports. Jefferies Group currently has GBX 4,600 ($60.04) price objective on the stock, up from their prior price objective of GBX 3,550 ($46.34).
IMT has been the topic of several other reports. Deutsche Bank AG reiterated a buy rating on shares of Imperial Tobacco Group PLC in a report on Thursday, August 25th. Barclays PLC increased their price target on Imperial Tobacco Group PLC from GBX 4,200 ($54.82) to GBX 4,400 ($57.43) and gave the stock an overweight rating in a report on Friday, July 8th. Citigroup Inc. restated a neutral rating on shares of Imperial Tobacco Group PLC in a report on Wednesday, June 1st. Goldman Sachs Group Inc. restated a buy rating on shares of Imperial Tobacco Group PLC in a report on Tuesday, August 23rd. Finally, JPMorgan Chase & Co. increased their price target on Imperial Tobacco Group PLC from GBX 3,700 ($48.30) to GBX 3,940 ($51.43) and gave the stock a neutral rating in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 4,041.41 ($52.75).
Imperial Tobacco Group PLC (LON:IMT) opened at 3678.00 on Wednesday. The company has a 50 day moving average of GBX 3,581.74 and a 200 day moving average of GBX 3,443.56. Imperial Tobacco Group PLC has a 1-year low of GBX 2,926.00 and a 1-year high of GBX 3,898.00.
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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