Imperial Tobacco Group (OTCMKTS:IMBBY) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Imperial Tobacco Group (OTCMKTS:IMBBY) from a sell rating to a hold rating in a report published on Friday, Zacks.com reports.

According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “

OTCMKTS:IMBBY traded up $0.20 during midday trading on Friday, hitting $22.83. The company’s stock had a trading volume of 512,489 shares, compared to its average volume of 325,063. Imperial Tobacco Group has a fifty-two week low of $21.50 and a fifty-two week high of $36.25. The firm has a market cap of $21.56 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.89 and a beta of 0.57. The firm’s 50 day moving average is $23.33 and its 200-day moving average is $25.62.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, November 22nd will be paid a $0.922 dividend. The ex-dividend date is Thursday, November 21st. This is an increase from Imperial Tobacco Group’s previous quarterly dividend of $0.40. This represents a $3.69 dividend on an annualized basis and a dividend yield of 16.15%. Imperial Tobacco Group’s dividend payout ratio (DPR) is 45.24%.

About Imperial Tobacco Group

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: Momentum Indicator: Relative Strength Index

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