Morgan Stanley Upgrades Imperial Brands (OTCMKTS:IMBBY) to Overweight

by · The Markets Daily

Morgan Stanley upgraded shares of Imperial Brands (OTCMKTS:IMBBY – Free Report) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday, Marketbeat reports.

Imperial Brands Trading Up 0.5 %

OTCMKTS:IMBBY opened at $28.24 on Thursday. Imperial Brands has a 12-month low of $20.00 and a 12-month high of $29.69. The stock has a 50-day moving average price of $28.41 and a 200 day moving average price of $25.79.

Imperial Brands Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, October 11th. Investors of record on Friday, August 23rd will be given a $0.2752 dividend. The ex-dividend date is Friday, August 23rd.

Imperial Brands Company Profile

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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.

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