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

Imperial Brands PLC (OTCMKTS:IMBBY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. 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 Trading Up 0.1 %

The firm has a fifty day moving average of $31.27 and a 200-day moving average of $28.79.

Imperial Brands Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, November 29th will be given a $0.6975 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change 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.