The Imperial Tobacco Group PLC (IMB) Price Target Increased to GBX 4,800 by Analysts at Jefferies Group

The Imperial Tobacco Group PLC (IMB) Price Target Increased to GBX 4,800 by Analysts at Jefferies Group

Imperial Tobacco Group PLC (LON:IMB) had its price objective upped by Jefferies Group from GBX 4,600 ($56.93) to GBX 4,800 ($59.41) in a research note released on Tuesday. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. BNP Paribas restated an outperform rating and set a GBX 4,500 ($55.69) price objective on shares of Imperial Tobacco Group PLC in a report on Friday, July 8th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 3,940 ($48.76) price objective (up previously from GBX 3,700 ($45.79)) on shares of Imperial Tobacco Group PLC in a report on Wednesday, June 29th. Deutsche Bank AG restated a buy rating and set a GBX 4,300 ($53.22) price objective on shares of Imperial Tobacco Group PLC in a report on Tuesday, July 19th. Berenberg Bank restated a buy rating and set a GBX 4,230 ($52.35) price objective on shares of Imperial Tobacco Group PLC in a report on Tuesday, June 14th. Finally, Barclays PLC upped their price objective on shares of Imperial Tobacco Group PLC from GBX 4,200 ($51.98) to GBX 4,400 ($54.46) and gave the stock an overweight rating in a report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 4,152.31 ($51.39).

Imperial Tobacco Group PLC (LON:IMB) traded up 0.37% during mid-day trading on Tuesday, hitting GBX 3905.00. 1,151,315 shares of the stock traded hands. Imperial Tobacco Group PLC has a one year low of GBX 3,393.00 and a one year high of GBX 4,154.00. The stock’s market capitalization is GBX 37.24 billion. The company has a 50 day moving average price of GBX 3,976.46 and a 200-day moving average price of GBX 3,878.59.

In related news, insider Witts,Karen purchased 140 shares of Imperial Tobacco Group PLC stock in a transaction that occurred on Friday, August 12th. The stock was bought at an average price of GBX 4,101 ($50.75) per share, for a total transaction of £5,741.40 ($7,105.69).

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