Imperial Tobacco Group (OTCMKTS:IMBBY) Shares Gap Up – Here’s What Happened

Imperial Tobacco Group PLC (OTCMKTS:IMBBY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $33.12, but opened at $34.50. Imperial Tobacco Group shares last traded at $34.69, with a volume of 33,175 shares traded.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on shares of Imperial Tobacco Group in a research report on Wednesday, July 22nd. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Imperial Tobacco Group Stock Up 1.5%

The company has a debt-to-equity ratio of 1.88, a current ratio of 0.70 and a quick ratio of 0.31. The stock’s 50-day simple moving average is $34.23 and its 200-day simple moving average is $36.77.

About Imperial Tobacco Group

Imperial Tobacco Group plc, now known as Imperial Brands plc, is a British multinational tobacco and nicotine company. Its portfolio includes cigarettes, fine-cut tobacco, cigars, rolling papers, vaping products, heated tobacco products and oral nicotine products.

The company markets a range of international and regional brands, including Winston, Davidoff, Gauloises, West, JPS, Golden Virginia, Rizla, blu, Pulze and Zone. Its products are sold through retail and distribution networks in numerous markets across Europe, the Americas, Africa, Asia and other international regions.

Imperial Tobacco was established in 1901 through the combination of several British tobacco manufacturers.