Imperial Brands (LON:IMB) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Imperial Brands PLC (LON:IMB - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 2,692.47 ($34.79) and traded as high as GBX 2,794 ($36.10). Imperial Brands shares last traded at GBX 2,768 ($35.77), with a volume of 2,603,980 shares traded.

Imperial Brands Stock Up 1.1 %

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 company has a market capitalization of £23.34 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The business's 50-day simple moving average is GBX 2,700.63 and its 200-day simple moving average is GBX 2,454.58.

Imperial Brands Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be given a dividend of GBX 54.26 ($0.70) per share. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Imperial Brands's previous dividend of $22.45. This represents a yield of 2.43%. Imperial Brands's dividend payout ratio (DPR) is currently 64.80%.

Insiders Place Their Bets

In other news, insider Alan Johnson acquired 1,397 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average price of GBX 2,862 ($36.98) per share, with a total value of £39,982.14 ($51,663.19). Also, insider Stefan Bomhard sold 112,183 shares of the firm's stock in a transaction that occurred on Monday, February 17th. The stock was sold at an average price of GBX 2,788 ($36.03), for a total transaction of £3,127,662.04 ($4,041,429.18). 7.33% of the stock is currently owned by insiders.

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Imperial Brands Company Profile

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.