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

Key Points

• Imperial Tobacco Group shares reached a new 52-week high of $42.56 during trading, closing at $42.36 with a trading volume of 58,384 shares.
• The company recently declared an increased quarterly dividend of $0.5294 per share, representing a yield of 582.0%, up from the previous $0.50.
• Analyst ratings for Imperial Tobacco Group include one Strong Buy, one Buy, and one Hold, with a consensus rating of "Buy".

Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.56 and last traded at $42.36, with a volume of 58384 shares changing hands. The stock had previously closed at $42.00.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Imperial Tobacco Group in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy".

Imperial Tobacco Group Trading Down 1.3%

The company has a current ratio of 0.68, a quick ratio of 0.30 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average price of $40.78 and a 200 day moving average price of $39.01.

Imperial Tobacco Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, August 25th will be given a $0.5294 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a yield of 582.0%. This is a boost from Imperial Tobacco Group's previous dividend of $0.50.

Imperial Tobacco Group 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.