Imperial Brands (OTCMKTS:IMBBY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
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. “
Other equities research analysts also recently issued research reports about the company. Morgan Stanley downgraded Imperial Brands from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 11th. Goldman Sachs downgraded Imperial Brands from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 14th. Finally, Piper Jaffray Companies downgraded Imperial Brands from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 13th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Imperial Brands presently has a consensus rating of “Hold” and a consensus price target of $38.00.
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Imperial Brands Company Profile
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.
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