Imperial Brands (OTCMKTS:IMBBY) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Imperial Brands PLC (OTCMKTS:IMBBY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.44 and traded as high as $33.08. Imperial Brands shares last traded at $32.88, with a volume of 78,693 shares trading hands.

Analyst Upgrades and Downgrades

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

Imperial Brands Price Performance

The firm has a 50 day moving average of $30.75 and a two-hundred day moving average of $28.44.

Imperial Brands Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6975 per share. The ex-dividend date of this dividend is Friday, November 29th. This is an increase 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.