Imperial Brands (OTCMKTS:IMBBY) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Imperial Brands PLC (OTCMKTS:IMBBY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.50 and traded as high as $32.23. Imperial Brands shares last traded at $31.82, with a volume of 116,296 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports 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 raised Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th.

Imperial Brands Stock Performance

The company has a 50 day simple moving average of $32.00 and a 200-day simple moving average of $29.50.

Imperial Brands Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6975 per share. The ex-dividend date was 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.