Reaffirmed: Imperial Tobacco Group (LON:IMT) “Reduce” Rating Maintained by Analysts at Nomura; GBX 2880 Target in Place


Imperial Tobacco Group (LON:IMT) Rating Reaffirmed

The financial company has just set a PT of GBX 2880 on Imperial Tobacco Group (LON:IMT) shares. This is -20.04% from the last stock close. In analysts report issued to investors and clients on Friday morning, Nomura has reaffirmed their “Reduce” rating on shares of IMT.

From a total of 18 analysts covering Imperial Tobacco Group (LON:IMT) stock, 12 rate it a ”Buy”, 3 a “Sell”, and 3 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is GBX 4000 while the lowest target price is GBX 2600. The mean of all analyst targets is GBX 3482.76 with a -3.55% below today’s (GBX 3611) stock price. Imperial Tobacco Group was the topic of 73 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on November 27 with “Reduce” rating. Morgan Stanley maintained shares with “Overwt/Attractive” rating and GBX 3800 target share price in a report from a November 13. UBS maintained IMT stock in a recent report from November 25 with “Buy” rating. Credit Suisse maintained the rating on November 6. Credit Suisse has a “Outperform” rating and a GBX 3800 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 23.

The stock increased 0.14% or GBX 5 on November 27, striking GBX 3611. Approximately 1.50M shares of stock traded hands. Imperial Tobacco Group PLC (LON:IMT) has risen 11.83% since May 1, 2015 and is uptrending. It has outperformed by 12.72% the S&P500.

Reaffirmed: Imperial Tobacco Group (LON:IMT)

Imperial Tobacco Group PLC is a tobacco company. The company has a market cap of 34.72 billion GBP. The Company’s portfolio consists of Growth, Specialist and Portfolio Brands. It has 20.41 P/E ratio. The Company’s growth brands include Davidoff, Gauloises Blondes, JPS, West, Fine, News, USA Gold, Bastos, Lambert & Butler and Parker & Simpson.