Imperial Tobacco Group PLC (LON:IMB) had its target price cut by investment analysts at Barclays PLC from GBX 4,500 ($54.29) to GBX 4,300 ($51.88) in a research note issued to investors on Monday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective indicates a potential upside of 19.41% from the company’s previous close.
Several other equities analysts also recently issued reports on IMB. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 3,640 ($43.91) price objective on shares of Imperial Tobacco Group PLC in a report on Wednesday, December 7th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 4,000 ($48.26) price objective on shares of Imperial Tobacco Group PLC in a report on Thursday, September 29th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a GBX 4,130 ($49.83) price objective (down from GBX 4,300 ($51.88)) on shares of Imperial Tobacco Group PLC in a report on Friday, December 2nd. Whitman Howard reaffirmed a “buy” rating and set a GBX 5,100 ($61.53) price objective on shares of Imperial Tobacco Group PLC in a report on Wednesday, December 14th. Finally, Deutsche Bank AG increased their price objective on shares of Imperial Tobacco Group PLC from GBX 4,300 ($51.88) to GBX 4,600 ($55.50) and gave the company a “buy” rating in a report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 4,097.53 ($49.43).
Imperial Tobacco Group PLC (LON:IMB) opened at 3571.00 on Monday. The company’s 50-day moving average is GBX 3,518.26 and its 200 day moving average is GBX 3,805.77. The company’s market capitalization is GBX 34.11 billion. Imperial Tobacco Group PLC has a one year low of GBX 3,324.00 and a one year high of GBX 4,154.00.
The company also recently disclosed a dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, February 16th will be given a dividend of GBX 54.10 ($0.65) per share. This represents a yield of 1.47%. The ex-dividend date is Thursday, February 16th.
In other news, insider Alison Cooper acquired 11,024 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was purchased at an average cost of GBX 3,506 ($42.30) per share, for a total transaction of £386,501.44 ($466,282.35).
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.