Imperial Brands PLC (NASDAQ:IMBBY) Raised to “Hold” at Zacks Investment Research

Imperial Brands PLC (NASDAQ:IMBBY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, October 6th.

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, Royal Bank Of Canada upgraded shares of Imperial Brands PLC from a “sector perform” rating to an “outperform” rating in a report on Monday, August 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.42.

Shares of Imperial Brands PLC (NASDAQ:IMBBY) opened at 42.25 on Friday. The stock’s 50 day moving average is $43.32 and its 200-day moving average is $45.76. The firm has a market cap of $40.32 billion and a P/E ratio of 30.16. Imperial Brands PLC has a one year low of $41.32 and a one year high of $50.43.

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About Imperial Brands PLC

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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