Imperial Brands PLC (IMBBY) Downgraded to “Hold” at Zacks Investment Research

Imperial Brands PLC (NASDAQ:IMBBY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

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, Credit Suisse Group AG upgraded shares of Imperial Brands PLC from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $41.90 to $55.84 in a research note on Wednesday, March 1st.

Shares of Imperial Brands PLC (NASDAQ:IMBBY) traded down 0.6157% on Monday, hitting $48.8275. 38,586 shares of the stock traded hands. Imperial Brands PLC has a one year low of $41.90 and a one year high of $55.84. The stock has a 50 day moving average of $47.68 and a 200 day moving average of $47.10. The company has a market cap of $46.64 billion and a PE ratio of 60.8064.

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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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