Imperial Tobacco Group (IMBBY) Cut To “Sell” At Zacks Investment Research

Source from:  The Ledger Gazette 12/12/2017

Imperial Tobacco Group (OTCMKTS:IMBBY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, November 21st.

According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “

A number of other research firms have also recently commented on IMBBY. UBS cut shares of Imperial Tobacco Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 13th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Imperial Tobacco Group in a research report on Wednesday, September 27th. Finally, Royal Bank Of Canada raised shares of Imperial Tobacco Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.42.

Shares of Imperial Tobacco Group (IMBBY) traded down $0.14 on Tuesday, hitting $41.25. 144,984 shares of the stock traded hands, compared to its average volume of 146,069. Imperial Tobacco Group has a one year low of $40.03 and a one year high of $50.43.

Imperial Tobacco Group Company Profile

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.  Enditem