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Credit Suisse downgraded Imperial Brands Plc (OTC:IMBBY) from Outperform to Neutral in a report released today.

Credit Suisse has downgraded Imperial Brands Plc (OTC:IMBBY) from Outperform to Neutral in a report released on Wednesday September 21, 2016.

Yesterday Imperial Brands Plc (OTC:IMBBY) traded -2.23% lower at $50.78. The company’s 50-day moving average is $52.83 and its 200-day moving average is $53.37. The last stock close price is down -4.53% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 9,296 shares of the stock were exchanged, down from an average trading volume of 63,320

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Imperial Brands Plc (OTC:IMBBY)

Imperial Brands Plc has a 52 week low of $48.57 and a 52 week high of $55.84 with a P/E ratio of 32.43 The company’s market cap is currently $0.

In addition to Credit Suisse reporting its target price, a total of 1 equity analyst has released a research note on IMBBY. The one year target is $66.00 with zero equity analysts rating the company a strong buy, zero brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

About Imperial Brands Plc (OTC:IMBBY)

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company focuses on tobacco portfolio that offers a range of cigarettes, fine cut and smokeless tobaccos, and papers and cigars. The Company's segments are Returns Markets North, Returns Markets South, Growth Markets (which includes its Cuban joint ventures and Fontem Ventures), USA and Logistics. The Company's Returns Markets North segment includes Australia, Belgium, Germany, Netherlands, Poland and the United Kingdom. Its Returns Markets South segment includes France, Spain and its African markets, including Algeria, Ivory Coast and Morocco. Its Growth Markets segment includes Iraq, Norway, Russia, Saudi Arabia and Taiwan. Its business includes Tobacco and Logistics. The Tobacco business comprises the manufacture, marketing and sale of tobacco and tobacco-related products. The Logistics business comprises the distribution of tobacco products for tobacco product manufacturers.

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