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Imperial Brands ( (GB:IMB) ) has shared an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 200,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays on the London Stock Exchange, is part of the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be reduced to 816,192,337, which may impact shareholders’ notification obligations under regulatory rules.
The most recent analyst rating on (GB:IMB) stock is a Hold with a £2400.00 price target. To see the full list of analyst forecasts on Imperial Brands stock, see the GB:IMB Stock Forecast page.
Spark’s Take on GB:IMB Stock
According to Spark, TipRanks’ AI Analyst, GB:IMB is a Outperform.
Imperial Brands scores well due to its strong financial performance and attractive valuation, enhanced by significant share buybacks. Moderate technical analysis results suggest stable investor sentiment, while the absence of recent earnings call data limits insights into future guidance.
To see Spark’s full report on GB:IMB stock, click here.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the production and sale of tobacco products and related services. The company is a significant player in the global market, with a focus on enhancing shareholder value through strategic initiatives such as share repurchase programs.
Average Trading Volume: 2,386,414
Technical Sentiment Signal: Buy
Current Market Cap: £23.7B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.