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

Imperial Brands PLC (LON:IMB) shares reached a new 52-week high during trading on Friday . The company traded as high as GBX 2,654.04 ($32.78) and last traded at GBX 2,628 ($32.46), with a volume of 2536882 shares traded. The stock had previously closed at GBX 2,627 ($32.45).

Imperial Brands Stock Up 0.1 %

The company has a debt-to-equity ratio of 217.64, a quick ratio of 0.41 and a current ratio of 0.64. The company has a market cap of £22.18 billion, a P/E ratio of 1,143.04, a PEG ratio of 16.51 and a beta of 0.42. The firm’s 50-day simple moving average is GBX 2,554.01 and its 200 day simple moving average is GBX 2,306.93.

Imperial Brands (LON:IMB) last released its earnings results on Tuesday, November 19th. The company reported GBX 297 ($3.67) earnings per share for the quarter. Imperial Brands had a return on equity of 39.00% and a net margin of 11.44%. On average, research analysts forecast that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Imperial Brands Increases Dividend

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

Insiders Place Their Bets

In other news, insider Lukas Paravicini sold 6,639 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of GBX 2,615 ($32.30), for a total transaction of £173,609.85 ($214,439.04). Also, insider Jon Stanton acquired 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 ($32.08) per share, for a total transaction of £10,356,887.94 ($12,792,598.74). Company 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.