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

Imperial Brands PLC (OTCMKTS:IMBBY) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $30.77 and last traded at $30.48, with a volume of 148001 shares changing hands. The stock had previously closed at $30.11.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports 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 upgraded shares of Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th.

Imperial Brands Stock Performance

The business’s 50-day moving average price is $29.18 and its two-hundred day moving average price is $26.80.

Imperial Brands Increases Dividend

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