Imperial Tobacco Group (OTCMKTS:IMBBY) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Imperial Tobacco Group's stock price has risen above its 200-day moving average of $37.72, reaching as high as $40.96 during trading.
• The company recently declared a dividend of $0.5015, resulting in a substantial yield of 582.0%.
• Royal Bank Of Canada has maintained a "sector perform" rating on the shares of Imperial Tobacco Group in a recent research report.

Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.72 and traded as high as $40.96. Imperial Tobacco Group shares last traded at $40.93, with a volume of 66,938 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Imperial Tobacco Group in a research report on Friday, May 23rd.

Imperial Tobacco Group Price Performance

The company's 50 day simple moving average is $39.29 and its 200 day simple moving average is $37.72. 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 Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 7th. Investors of record on Monday, May 26th were paid a $0.5015 dividend. This represents a yield of 582.0%. 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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