Imperial Brands (OTCMKTS:IMBBY) Hits New 52-Week High – Should You Buy?

Imperial Brands PLC (OTCMKTS:IMBBY) shares reached a new 52-week high during trading on Monday . The stock traded as high as $29.70 and last traded at $29.65, with a volume of 42724 shares changing hands. The stock had previously closed at $29.53.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley upgraded Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd. Barclays raised shares of Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th.

Imperial Brands Price Performance

The business has a 50-day moving average price of $28.55 and a two-hundred day moving average price of $26.06.

Imperial Brands Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, August 23rd were issued a $0.2752 dividend. The ex-dividend date of this dividend was Friday, August 23rd.

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.