Imperial Tobacco Group (OTCMKTS:IMBBY) Shares Pass Above Fifty Day Moving Average of $24.90

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Shares of Imperial Tobacco Group plc Sponsored (OTCMKTS:IMBBY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.90 and traded as high as $25.32. Imperial Tobacco Group shares last traded at $25.32, with a volume of 148,947 shares traded.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th. Citigroup downgraded OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Imperial Tobacco Group has a consensus rating of “Hold” and an average price target of $38.00.

The business’s 50-day moving average price is $24.83. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 1.01 and a beta of 0.61.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 6.27%. Imperial Tobacco Group’s payout ratio is 44.48%.

Imperial Tobacco Group Company Profile (OTCMKTS:IMBBY)

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

Further Reading: What is meant by a buy rating?

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