Imperial Brands (OTCMKTS:IMBBY) Shares Pass Above 200-Day Moving Average of $23.60

Imperial Brands PLC (OTCMKTS:IMBBY – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.60 and traded as high as $25.41. Imperial Brands shares last traded at $25.31, with a volume of 52,114 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on IMBBY shares. JPMorgan Chase & Co. increased their price objective on shares of Imperial Brands from GBX 2,250 ($27.86) to GBX 2,350 ($29.09) in a research report on Friday, October 7th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Imperial Brands in a research report on Wednesday, September 28th.

Imperial Brands Price Performance

The company’s 50-day moving average price is $25.27 and its 200-day moving average price is $23.60. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.43 and a current ratio of 0.80.

Imperial Brands Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 30th. Investors of record on Thursday, November 24th were paid a dividend of $0.5754 per share. This is a positive change from Imperial Brands’s previous dividend of $0.25. This represents a yield of 6.74%. The ex-dividend date was Wednesday, November 23rd.

About Imperial Brands

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Imperial Brands Plc is a holding company which engages in the manufacture and sale of cigarettes, tobaccos, cigars, rolling papers, and tubes. It operates through the Tobacco and Next Generation Product (NGP), and Distribution segments. The Tobacco and NGP segment manufactures, markets, and sells Tobacco and NGP, and its related products.