Imperial Brands (LON:IMB) Reaches New 1-Year High - Should You Buy?

Imperial Brands PLC (LON:IMB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,989 ($39.80) and last traded at GBX 2,989 ($39.80), with a volume of 8209559 shares. The stock had previously closed at GBX 2,971 ($39.56).

Imperial Brands Stock Performance

The stock has a market cap of £25.21 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 166.91. The stock has a 50 day simple moving average of GBX 2,822.04 and a 200 day simple moving average of GBX 2,629.94.

Imperial Brands Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 20th were paid a dividend of GBX 54.26 ($0.72) per share. This represents a yield of 2.43%. This is an increase from Imperial Brands's previous dividend of $22.45. The ex-dividend date was Thursday, February 20th. Imperial Brands's dividend payout ratio is presently 64.80%.

Insider Activity

In other news, insider Stefan Bomhard sold 112,183 shares of the business's stock in a transaction on Monday, February 17th. The stock was sold at an average price of GBX 2,788 ($37.12), for a total transaction of £3,127,662.04 ($4,164,663.17). Also, insider Alan Johnson acquired 1,397 shares of Imperial Brands stock in a transaction that occurred on Tuesday, February 11th. The stock was acquired at an average cost of GBX 2,862 ($38.11) per share, for a total transaction of £39,982.14 ($53,238.54). Corporate insiders own 7.33% of the company's stock.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company. We're driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world's one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.