Imperial Brands (LON:IMB) Hits New 1-Year High – Here’s What Happened

Shares of Imperial Brands PLC (LON:IMB) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 2,696 ($33.57) and last traded at GBX 2,696 ($33.57), with a volume of 2619432 shares. The stock had previously closed at GBX 2,662 ($33.14).

Imperial Brands Trading Up 1.3 %

The business’s 50-day simple moving average is GBX 2,578.07 and its two-hundred day simple moving average is GBX 2,326.06. The company has a current ratio of 0.64, a quick ratio of 0.41 and a debt-to-equity ratio of 217.64. The company has a market capitalization of £22.74 billion, a PE ratio of 1,172.17, a PEG ratio of 16.51 and a beta of 0.42.

Imperial Brands (LON:IMB) last released its quarterly earnings results on Tuesday, November 19th. The company reported GBX 297 ($3.70) EPS for the quarter. Imperial Brands had a return on equity of 39.00% and a net margin of 11.44%. On average, analysts predict that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

Imperial Brands Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be given a dividend of GBX 54.26 ($0.68) per share. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 2.43%. This is an increase from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s dividend payout ratio (DPR) is presently 6,652.17%.

Insider Buying and Selling

In other news, insider Jon Stanton bought 398,802 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was bought at an average price of GBX 2,597 ($32.33) per share, for a total transaction of £10,356,887.94 ($12,894,531.80). Also, insider Lukas Paravicini sold 6,639 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of GBX 2,615 ($32.56), for a total value of £173,609.85 ($216,147.72). Insiders own 7.33% of the company’s stock.

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.