Imperial Brands (OTCMKTS:IMBBY) Share Price Passes Above Two Hundred Day Moving Average of $22.14

Imperial Brands PLC (OTCMKTS:IMBBYGet Rating)’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 $22.14 and traded as high as $22.27. Imperial Brands shares last traded at $22.05, with a volume of 128,441 shares traded.

Several brokerages have issued reports on IMBBY. JPMorgan Chase & Co. lowered their price target on shares of Imperial Brands from GBX 2,100 ($27.32) to GBX 2,000 ($26.02) in a research note on Wednesday, April 13th. Zacks Investment Research raised shares of Imperial Brands from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Imperial Brands presently has an average rating of “Hold” and an average target price of $1,011.00.

The business has a 50-day moving average of $22.05 and a two-hundred day moving average of $22.14. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 1.47.

The company also recently announced a dividend, which was paid on Thursday, April 7th. Investors of record on Friday, February 18th were given a $0.642 dividend. This represents a yield of 7.52%. The ex-dividend date was Thursday, February 17th.

About Imperial Brands (OTCMKTS:IMBBY)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and next generation product (NGP) portfolio, such as e-vapour products, oral nicotine, and heated tobacco products.

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