Imperial Brands (OTCMKTS:IMBBY) Hits New 52-Week High - Time to Buy?

Imperial Brands PLC (OTCMKTS:IMBBY - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $38.25 and last traded at $38.09, with a volume of 107566 shares. The stock had previously closed at $36.63.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Imperial Brands in a research report on Tuesday, April 1st.

Imperial Brands Price Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.36. The firm's 50-day moving average price is $35.49 and its two-hundred day moving average price is $32.69.

Imperial Brands Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.6779 per share. The ex-dividend date of this dividend was Friday, February 21st.

About Imperial Brands

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.