Imperial Brands (OTCMKTS:IMBBY) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Imperial Brands PLC (OTCMKTS:IMBBY) crossed 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IMBBY. Barclays upgraded shares of 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 report on Thursday, October 3rd.

Imperial Brands Trading Up 0.7 %

The business has a 50-day moving average of $29.55 and a 200-day moving average of $27.37.

Imperial Brands Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6975 per share. The ex-dividend date is 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.