Imperial Brands (OTCMKTS:IMBBY) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Imperial Brands PLC (OTCMKTS:IMBBY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.35 and traded as high as $30.09. Imperial Brands shares last traded at $30.06, with a volume of 229,796 shares changing hands.

Wall Street Analysts Forecast Growth

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

Imperial Brands Stock Up 0.7 %

The firm has a 50 day moving average of $29.53 and a 200 day moving average of $27.35.

Imperial Brands Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, November 29th will be paid a $0.6975 dividend. This is an increase from Imperial Brands’s previous dividend of $0.28. The ex-dividend date of this dividend is Friday, November 29th.

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.