Imperial Brands (OTCMKTS:IMBBY) Sets New 52-Week High – Here’s Why

Imperial Brands PLC (OTCMKTS:IMBBY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.66 and last traded at $33.55, with a volume of 70678 shares traded. The stock had previously closed at $32.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley raised shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 3rd. Barclays raised Imperial Brands to a “strong-buy” rating in a report on Wednesday, October 9th.

Imperial Brands Trading Up 1.9 %

The firm’s 50-day moving average price is $32.40 and its two-hundred day moving average price is $30.07. The company has a current ratio of 0.72, a quick ratio of 0.36 and a debt-to-equity ratio of 1.24.

Imperial Brands Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, February 21st will be given a $0.6779 dividend. The ex-dividend date is Friday, February 21st.

Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.