Imperial Brands (OTCMKTS:IMBBY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

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 $28.79 and traded as high as $32.61. Imperial Brands shares last traded at $32.28, with a volume of 160,957 shares trading hands.

Analyst Upgrades and Downgrades

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

Imperial Brands Stock Up 0.1 %

The business’s fifty day simple moving average is $31.27 and its two-hundred day simple moving average is $28.79.

Imperial Brands Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, November 29th will be paid a $0.6975 dividend. The ex-dividend date of this dividend 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.