Imperial Brands (OTCMKTS:IMBBY) Reaches New 1-Year High – Here’s Why

Imperial Brands PLC (OTCMKTS:IMBBY)’s share price hit a new 52-week high on Monday . The stock traded as high as $29.70 and last traded at $29.65, with a volume of 42724 shares changing hands. The stock had previously closed at $29.53.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IMBBY. Morgan Stanley raised Imperial Brands from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 3rd. Barclays raised shares of Imperial Brands to a “strong-buy” rating in a research report on Wednesday, October 9th.

Imperial Brands Trading Up 0.4 %

The business has a fifty day simple moving average of $28.55 and a 200 day simple moving average of $26.06.

Imperial Brands Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.2752 per share. The ex-dividend date of this dividend was Friday, August 23rd.

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.