Imperial Brands (IMBBY) Cut to Neutral at Piper Jaffray Companies

Imperial Brands (OTCMKTS:IMBBY) was downgraded by equities research analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a report issued on Tuesday, February 13th, MarketBeat.com reports.

IMBBY has been the subject of several other reports. Zacks Investment Research upgraded Imperial Brands from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. UBS Group downgraded Imperial Brands from a “buy” rating to a “neutral” rating in a research report on Monday, November 13th. Finally, Morgan Stanley downgraded Imperial Brands from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $51.42.

Imperial Brands (OTCMKTS:IMBBY) traded up $0.12 during trading on Tuesday, hitting $37.04. The company had a trading volume of 47,937 shares, compared to its average volume of 243,667. Imperial Brands has a fifty-two week low of $36.35 and a fifty-two week high of $50.43. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.63 and a quick ratio of 0.30.

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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.

Analyst Recommendations for Imperial Brands (OTCMKTS:IMBBY)

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