Imperial Brands (OTCMKTS:IMBBY) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Imperial Brands PLC (OTCMKTS:IMBBY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.50 and traded as high as $32.23. Imperial Brands shares last traded at $31.82, with a volume of 116,296 shares changing hands.

Wall Street Analyst Weigh In

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

Imperial Brands Price Performance

The firm has a 50 day moving average price of $32.00 and a two-hundred day moving average price of $29.50.

Imperial Brands Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, November 29th were given a dividend of $0.6975 per share. The ex-dividend date was Friday, November 29th. This is a boost from Imperial Brands’s previous dividend of $0.28.

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.