Imperial Tobacco Group (IMBBY) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Imperial Tobacco Group (OTCMKTS:IMBBY) from a buy rating to a hold rating in a research note published on Saturday morning, 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. “

A number of other research firms also recently weighed in on IMBBY. Citigroup raised shares of Imperial Tobacco Group from a neutral rating to a buy rating in a research report on Thursday, March 28th. Cowen downgraded shares of Imperial Tobacco Group from an outperform rating to a market perform rating in a research report on Monday, January 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $38.00.

Shares of OTCMKTS IMBBY opened at $32.58 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.65 and a quick ratio of 0.32. Imperial Tobacco Group has a 12 month low of $28.70 and a 12 month high of $38.87. The firm has a market capitalization of $31.17 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 1.20 and a beta of 0.50.

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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