Imperial Brands (OTCMKTS:IMBBY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

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 Ratings Changes

Several research analysts recently commented on IMBBY shares. Morgan Stanley raised 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 Up 0.3 %

The stock has a 50 day simple moving average of $30.94 and a two-hundred day simple moving average of $28.53.

Imperial Brands Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6975 per share. 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.

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.