Imperial Tobacco Group (OTCMKTS:IMBBY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Imperial Tobacco Group (OTCMKTS:IMBBY) from a hold rating to a sell rating in a research note released on Tuesday morning, reports.

According to Zacks, “Imperial Brands PLC manufactures, markets and sells tobacco and tobacco-related products. It offers cigarettes, fine cut tobacco, papers, cigars, snus and smokeless tobacco products. Imperial Brands PLC, formerly known as Imperial Tobacco Group PLC, is based in Bristol, the United Kingdom. “

Shares of OTCMKTS:IMBBY opened at $27.20 on Tuesday. The company has a fifty day moving average of $25.90 and a 200-day moving average of $28.28. The company has a market capitalization of $26.08 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60. Imperial Tobacco Group has a 52-week low of $23.27 and a 52-week high of $36.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 22nd. This represents a $1.60 annualized dividend and a dividend yield of 5.88%. Imperial Tobacco Group’s dividend payout ratio (DPR) is presently 45.33%.

About Imperial Tobacco Group

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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