Imperial Tobacco Group (OTCMKTS:IMBBY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Imperial Tobacco Group saw a 80% increase in trading volume on a recent Monday, with 329,609 shares traded, although the stock price decreased to $38.43 from a previous close of $39.08.
• Analysts have mixed ratings on the stock; Morgan Stanley rates it as "overweight," while Royal Bank of Canada maintains a "sector perform" rating.
• The company recently cut its dividend to a yield of 5.82%, announcing a payout of $0.5015 per share to investors of record.

Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report) saw strong trading volume on Monday . 329,609 shares were traded during trading, an increase of 80% from the previous session's volume of 182,643 shares.The stock last traded at $38.43 and had previously closed at $39.08.

Analyst Ratings Changes

IMBBY has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Imperial Tobacco Group in a report on Tuesday, April 1st. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Imperial Tobacco Group in a report on Friday, May 23rd.

Imperial Tobacco Group Trading Down 2.5%

The stock has a 50-day moving average of $38.90 and a 200-day moving average of $37.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.68 and a quick ratio of 0.30.

Imperial Tobacco Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, July 7th. Investors of record on Monday, May 26th were given a $0.5015 dividend. This represents a yield of 5.82%. The ex-dividend date was Friday, May 23rd.

About Imperial Tobacco Group

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.

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