Imperial Tobacco Group (OTCMKTS:IMBBY) Lowered to “Hold” Rating by UBS Group

UBS Group cut shares of Imperial Tobacco Group (OTCMKTS:IMBBY) from a strong-buy rating to a hold rating in a research report released on Wednesday,Zacks.com reports.

Imperial Tobacco Group Price Performance

Shares of OTCMKTS IMBBY opened at $38.20 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.37 and a current ratio of 0.74. Imperial Tobacco Group has a 1-year low of $35.48 and a 1-year high of $45.60. The business has a fifty day moving average price of $42.59 and a 200 day moving average price of $42.00.

About Imperial Tobacco Group

Imperial Tobacco Group, historically established in the United Kingdom in 1901 and now operating under the Imperial Brands name, is a multinational tobacco and nicotine company headquartered in Bristol, England. The company’s core business is the manufacture, marketing and sale of tobacco products and alternative nicotine offerings to adult consumers. It supplies products through a combination of owned channels and third-party distributors and focuses on managing an international portfolio of consumer tobacco and nicotine brands.

Product categories include manufactured cigarettes, cigars and fine-cut tobacco for roll-your-own use, together with a growing range of next-generation nicotine products such as vaping devices, heated tobacco and non-combustible nicotine formats that reflect a strategic shift toward reduced-risk alternatives.