Imperial Brands (OTCMKTS:IMBBY) Sets New 52-Week High – Time to Buy?

Shares of Imperial Brands PLC (OTCMKTS:IMBBY) hit a new 52-week high on Monday . The stock traded as high as $32.26 and last traded at $32.14, with a volume of 629099 shares changing hands. The stock had previously closed at $31.76.

Wall Street Analyst Weigh In

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

Imperial Brands Price Performance

The stock has a 50-day moving average price of $29.76 and a 200 day moving average price of $27.68.

Imperial Brands Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6975 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Imperial Brands’s previous dividend of $0.28.

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.