Imperial Brands Cancels 240,000 Shares in Ongoing £1.45bn Buyback

Imperial Brands ( (GB:IMB) ) has issued an update.

Imperial Brands has repurchased 240,000 ordinary shares at an average price of 2,777.9081 pence each as part of its ongoing £1.45 billion buyback programme and intends to cancel the shares. Following settlement and cancellation, the company’s share count will fall to 779,479,990, a new denominator for investors’ disclosure calculations under U.K. transparency rules.

The transaction, executed via Barclays on the London Stock Exchange, continues Imperial Brands’ capital return strategy by shrinking its equity base. This reduction in outstanding shares may enhance earnings per share and underscores management’s commitment to shareholder returns, with implications for institutional holders monitoring ownership thresholds.

The most recent analyst rating on (GB:IMB) stock is a Hold with a £3150.00 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 IMB Stock

According to Spark, TipRanks’ AI Analyst, IMB is a Outperform.

Imperial Brands scores well due to strong earnings call performance and positive technical indicators. Financial performance is stable but requires careful management of debt and cash flow. The attractive valuation further supports the stock’s potential, despite some regulatory challenges.

To see Spark’s full report on IMB stock, click here.

More about Imperial Brands

Imperial Brands is a U.K.-listed tobacco and nicotine products group, known for manufacturing and marketing cigarettes and next-generation nicotine offerings. The company targets international markets and is a constituent of the London Stock Exchange, where its ordinary shares are actively traded.

Average Trading Volume: 2,446,589

Technical Sentiment Signal: Buy

Current Market Cap: £21.98B

Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.