Deutsche Bank AG Raises Imperial Tobacco Group PLC (IMB) Price Target to GBX 4,500
Imperial Tobacco Group PLC (LON:IMB) had its price objective hoisted by stock analysts at Deutsche Bank AG from GBX 4,300 ($57.27) to GBX 4,500 ($59.94) in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 14.65% from the company’s current price.
A number of other equities analysts have also recently issued reports on IMB. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 3,950 ($52.61) target price on shares of Imperial Tobacco Group PLC in a research report on Friday, May 20th. Barclays PLC upgraded shares of Imperial Tobacco Group PLC to an “overweight” rating and set a GBX 4,200 ($55.94) price target for the company in a report on Tuesday, May 24th. Societe Generale reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Wednesday, June 1st. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 3,900 ($51.94) price target on shares of Imperial Tobacco Group PLC in a report on Thursday, June 9th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Imperial Tobacco Group PLC in a report on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 4,081.67 ($54.36).
Shares of Imperial Tobacco Group PLC (LON:IMB) opened at 3925.00 on Friday. The firm’s market capitalization is GBX 37.43 billion. Imperial Tobacco Group PLC has a 12-month low of GBX 3,234.00 and a 12-month high of GBX 4,154.00. The firm’s 50-day moving average is GBX 4,028.53 and its 200-day moving average is GBX 3,846.26.
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In other Imperial Tobacco Group PLC news, insider Witts,Karen acquired 140 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was bought at an average cost of GBX 4,101 ($54.62) per share, for a total transaction of £5,741.40 ($7,647.04).
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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