Imperial Tobacco Group (OTCMKTS:IMBBY) Share Price Crosses Above 200-Day Moving Average of $29.33

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Imperial Tobacco Group plc Sponsored (OTCMKTS:IMBBY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.33 and traded as high as $25.67. Imperial Tobacco Group shares last traded at $25.55, with a volume of 36,050 shares trading hands.

Separately, Zacks Investment Research raised Imperial Tobacco Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.

The business has a 50 day moving average of $25.74 and a 200 day moving average of $29.33. The company has a market cap of $24.49 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 1.02 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, August 23rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date is Thursday, August 22nd. Imperial Tobacco Group’s payout ratio is 44.48%.

About Imperial Tobacco Group (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.

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