Imperial Tobacco Group (OTCMKTS:IMBBY) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Imperial Tobacco Group's stock recently traded above its 200-day moving average for the first time, reaching a high of $39.69 before closing at $39.41.
• The company has faced **analyst scrutiny**, receiving both an "overweight" rating from Morgan Stanley and a "sector perform" rating from Royal Bank of Canada.
• Imperial Tobacco Group cut its dividend recently, paying out $0.5015 per share, resulting in a dividend yield of 5.82% for investors.

Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.02 and traded as high as $39.69. Imperial Tobacco Group shares last traded at $39.41, with a volume of 81,099 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada reissued a "sector perform" rating on shares of Imperial Tobacco Group in a report on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Imperial Tobacco Group in a report on Tuesday, April 1st.

Imperial Tobacco Group Stock Performance

The business's 50-day moving average is $38.90 and its two-hundred day moving average is $37.13. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.68 and a quick ratio of 0.30.

Imperial Tobacco Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, May 26th were given a dividend of $0.5015 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 5.82%.

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.