Imperial Brands (OTCMKTS:IMBBY) Hits New 52-Week High – Should You Buy?

Shares of Imperial Brands PLC (OTCMKTS:IMBBY) reached a new 52-week high during trading on Friday . The stock traded as high as $38.25 and last traded at $38.17, with a volume of 137625 shares changing hands. The stock had previously closed at $37.00.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Imperial Brands in a report on Tuesday, April 1st.

Imperial Brands Price Performance

The firm has a 50 day simple moving average of $35.67 and a two-hundred day simple moving average of $32.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.72.

Imperial Brands Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 7th. Investors of record on Friday, February 21st were given a dividend of $0.6779 per share. The ex-dividend date was Friday, February 21st.

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.