Imperial Tobacco Group (OTCMKTS:IMBBY) Upgraded to Sector Perform by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Imperial Tobacco Group (OTCMKTS:IMBBY) from an underperform rating to a sector perform rating in a research report released on Wednesday morning, The Fly reports.

Separately, Zacks Investment Research upgraded Imperial Tobacco Group from a sell rating to a hold rating in a research note on Friday, November 8th.

IMBBY opened at $25.70 on Wednesday. Imperial Tobacco Group has a one year low of $21.37 and a one year high of $36.07. The company has a market cap of $24.71 billion, a P/E ratio of 7.65, a PEG ratio of 1.05 and a beta of 0.60. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.57 and a current ratio of 0.90. The business’s 50-day simple moving average is $23.39 and its 200-day simple moving average is $24.34.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, November 22nd were issued a $0.922 dividend. This is a boost from Imperial Tobacco Group’s previous quarterly dividend of $0.40. This represents a $3.69 annualized dividend and a dividend yield of 14.35%. The ex-dividend date of this dividend was Thursday, November 21st. Imperial Tobacco Group’s dividend payout ratio (DPR) is currently 112.80%.

Imperial Tobacco Group Company Profile

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.

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