Imperial Tobacco Group (OTCMKTS:IMBBY) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Imperial Tobacco Group's shares have crossed above their 200-day moving average of $38.30, trading as high as $42.22.
• The company recently declared an increased dividend of $0.5294 per share, which has a significant yield of 582.0%, to be paid on October 7th.
• Currently, the stock holds a consensus rating of "Buy", with one strong buy, one buy, and one hold rating from analysts.

Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.30 and traded as high as $42.22. Imperial Tobacco Group shares last traded at $42.18, with a volume of 42,017 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a "sector perform" rating on shares of Imperial Tobacco Group in a report on Friday, May 23rd. One equities research 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 company. According to MarketBeat.com, Imperial Tobacco Group currently has an average rating of "Buy".

Imperial Tobacco Group Stock Performance

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 business has a 50-day moving average price of $40.06 and a two-hundred day moving average price of $38.43.

Imperial Tobacco Group Increases Dividend

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

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.