Citigroup Upgrades Imperial Tobacco Group (IMBBY) to “Buy”

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Imperial Tobacco Group (OTCMKTS:IMBBY) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, The Fly reports.

Several other equities analysts have also commented on the company. Zacks Investment Research upgraded Imperial Tobacco Group from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, March 5th. Cowen lowered Imperial Tobacco Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Shares of Imperial Tobacco Group stock opened at $34.57 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.32 and a current ratio of 0.65. The stock has a market cap of $33.07 billion, a PE ratio of 9.79, a PEG ratio of 1.52 and a beta of 0.49. Imperial Tobacco Group has a 12 month low of $28.70 and a 12 month high of $38.87.

Imperial Tobacco Group Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

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