Imperial Brands (OTCMKTS:IMBBY) Shares Cross Above 200 Day Moving Average – Time to Sell?

Imperial Brands PLC (OTCMKTS:IMBBY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.37 and traded as high as $30.15. Imperial Brands shares last traded at $29.90, with a volume of 52,433 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on IMBBY. Morgan Stanley upgraded shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd. Barclays raised shares of Imperial Brands to a “strong-buy” rating in a report on Wednesday, October 9th.

Imperial Brands Trading Down 0.2 %

The business’s fifty day moving average price is $28.88 and its 200-day moving average price is $26.37.

Imperial Brands Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.2752 per share. The ex-dividend date was Friday, August 23rd.

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.