Imperial Brands (OTCMKTS:IMBBY) Sets New 1-Year High – Here’s Why

Imperial Brands PLC (OTCMKTS:IMBBY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.24 and last traded at $34.09, with a volume of 665077 shares traded. The stock had previously closed at $33.91.

Analysts Set New Price Targets

Separately, Barclays upgraded Imperial Brands to a “strong-buy” rating in a research report on Wednesday, October 9th.

Imperial Brands Trading Up 0.5 %

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.72. The business’s 50-day moving average is $32.51 and its two-hundred day moving average is $30.22.

Imperial Brands Cuts Dividend

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

About Imperial Brands

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.