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

Imperial Brands PLC (OTCMKTS:IMBBY)’s share price hit a new 52-week high during mid-day trading 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.

Analysts Set New Price Targets

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

Imperial Brands Price Performance

The business has a 50-day simple moving average of $29.97 and a two-hundred day simple moving average of $27.87.

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 issued a $0.6975 dividend. This is a positive change from Imperial Brands’s previous dividend of $0.28. The ex-dividend date is Friday, November 29th.

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.