Imperial Tobacco Group (OTCMKTS:IMBBY) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Imperial Tobacco Group's stock price has recently crossed above its 200-day moving average, with current trading at $41.29 and a high of $41.56.
• The company announced an increase in its dividend to $0.5294, representing a significant yield of 582.0%. The dividend will be distributed on October 7th to shareholders recorded on August 25th.
• Analysts maintain an average rating of "Buy" for Imperial Tobacco Group, with three different ratings issued by analysts; one Strong Buy, one Buy, and one Hold.

Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.54 and traded as high as $41.56. Imperial Tobacco Group shares last traded at $41.29, with a volume of 116,097 shares changing hands.

Analyst Ratings Changes

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

Imperial Tobacco Group Stock Down 0.5%

The stock's fifty day moving average price is $40.33 and its 200-day moving average price is $38.68. The company has a quick ratio of 0.30, a current ratio of 0.68 and a debt-to-equity ratio of 1.40.

Imperial Tobacco Group Increases Dividend

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

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.