Imperial Tobacco Group plc Sponsored (OTCMKTS:IMBBY) – Investment analysts at Piper Jaffray Companies decreased their FY2019 earnings per share estimates for shares of Imperial Tobacco Group in a research report issued on Wednesday, May 8th. Piper Jaffray Companies analyst M. Lavery now forecasts that the company will post earnings of $3.56 per share for the year, down from their prior estimate of $3.64. Piper Jaffray Companies also issued estimates for Imperial Tobacco Group’s FY2020 earnings at $3.67 EPS.
Several other research firms also recently issued reports on IMBBY. Citigroup upgraded Imperial Tobacco Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 28th. Zacks Investment Research cut Imperial Tobacco Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $38.00.
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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