Imperial Brands (OTCMKTS:IMBBY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Imperial Brands PLC (OTCMKTS:IMBBY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.75 and traded as high as $36.98. Imperial Brands shares last traded at $36.97, with a volume of 104,158 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley reissued an “overweight” rating on shares of Imperial Brands in a research note on Tuesday, April 1st.

Imperial Brands Stock Performance

The firm has a 50-day simple moving average of $37.95 and a 200 day simple moving average of $34.75. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.36.

Imperial Brands Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, July 7th. Investors of record on Monday, May 26th will be issued a dividend of $0.5015 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 5.82%.

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.