Imperial Tobacco Group (OTCMKTS:IMBBY) Upgraded to Hold by Zacks Investment Research

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Zacks Investment Research upgraded shares of Imperial Tobacco Group (OTCMKTS:IMBBY) from a sell rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

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. “

Separately, Citigroup upgraded Imperial Tobacco Group from a neutral rating to a buy rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $38.00.

Shares of IMBBY opened at $24.89 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.32 and a debt-to-equity ratio of 1.49. Imperial Tobacco Group has a 12 month low of $23.52 and a 12 month high of $38.87. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.97 and a beta of 0.66.

About Imperial Tobacco Group

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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