Imperial Brands (OTCMKTS:IMBBY) Reaches New 12-Month High – What’s Next?

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

Analyst Ratings Changes

IMBBY has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 3rd. Barclays upgraded Imperial Brands to a “strong-buy” rating in a report on Wednesday, October 9th.

Imperial Brands Stock Performance

The business has a fifty day moving average of $32.40 and a 200 day moving average of $30.07. The company has a quick ratio of 0.36, a current ratio of 0.72 and a debt-to-equity ratio of 1.24.

Imperial Brands Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.6779 per share. The ex-dividend date of this dividend 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.