Imperial Brands (IMBBY) Lowered to “Neutral” at Piper Jaffray Companies
Imperial Brands (OTCMKTS:IMBBY) was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a note issued to investors on Tuesday.
A number of other equities analysts also recently commented on the company. Zacks Investment Research upgraded Imperial Brands from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Morgan Stanley downgraded Imperial Brands from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 11th. Finally, UBS Group downgraded Imperial Brands from a “buy” rating to a “neutral” rating in a research report on Monday, November 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Imperial Brands has an average rating of “Hold” and a consensus price target of $51.42.
Shares of Imperial Brands (IMBBY) traded down $0.59 during trading hours on Tuesday, hitting $36.80. The stock had a trading volume of 74,736 shares, compared to its average volume of 264,675. Imperial Brands has a 12-month low of $36.35 and a 12-month high of $50.43. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 1.64.
TRADEMARK VIOLATION NOTICE: This story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/13/imperial-brands-imbby-cut-to-hold-at-piper-jaffray-companies.html.
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.
Receive News & Ratings for Imperial Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands and related companies with MarketBeat.com's FREE daily email newsletter.