Imperial Brands (LON:IMB) Sets New 52-Week High – Here’s Why

Shares of Imperial Brands PLC (LON:IMB) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,753.10 ($34.24) and last traded at GBX 2,742 ($34.10), with a volume of 1507684 shares. The stock had previously closed at GBX 2,741 ($34.09).

Imperial Brands Trading Up 0.1 %

The company has a 50 day simple moving average of GBX 2,603.39 and a 200 day simple moving average of GBX 2,350.01. The company has a market capitalization of £23.86 billion, a PE ratio of 1,230.00, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 217.64, a quick ratio of 0.41 and a current ratio of 0.64.

Imperial Brands (LON:IMB) last issued its quarterly earnings results on Tuesday, November 19th. The company reported GBX 297 ($3.69) EPS for the quarter. Imperial Brands had a return on equity of 39.00% and a net margin of 11.44%. Analysts anticipate that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

Imperial Brands Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be given a GBX 54.26 ($0.67) dividend. This represents a dividend yield of 2.43%. This is a boost from Imperial Brands’s previous dividend of $22.45. The ex-dividend date is Thursday, February 20th. Imperial Brands’s dividend payout ratio is 6,652.17%.

Insider Transactions at Imperial Brands

In other news, insider Lukas Paravicini sold 6,639 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of GBX 2,615 ($32.52), for a total value of £173,609.85 ($215,905.80). Also, insider Jon Stanton purchased 398,802 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was bought at an average cost of GBX 2,597 ($32.30) per share, with a total value of £10,356,887.94 ($12,880,099.42). 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.