Imperial Brands (OTCMKTS:IMBBY) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Imperial Brands PLC (OTCMKTS:IMBBY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays raised Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley raised shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd.

Imperial Brands Stock Performance

The business has a fifty day simple moving average of $32.00 and a 200 day simple moving average of $29.50.

Imperial Brands Increases Dividend

The business also recently disclosed 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 boost 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.