Imperial Tobacco Group (OTCMKTS:IMBBY) Sets New 52-Week High - Still a 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) shares hit 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 Ratings Changes

Separately, Royal Bank Of Canada reissued a "sector perform" rating on shares of Imperial Tobacco Group in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Imperial Tobacco Group presently has a consensus rating of "Buy".

Imperial Tobacco Group Trading Up 0.9%

The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.30 and a current ratio of 0.68. The firm's 50 day moving average is $40.52 and its 200-day moving average is $38.79.

Imperial Tobacco Group Increases Dividend

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

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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