Imperial Brands Cancels 651,709 Shares Under £1.45bn Buyback

Imperial Brands ( (GB:IMB) ) has provided an announcement.

Imperial Brands has continued executing its £1.45 billion share buyback, repurchasing 651,709 ordinary shares on 20 February 2026 at an average price of 3,233.77 pence per share. The transaction, conducted via Morgan Stanley on the London Stock Exchange, forms part of the group’s ongoing capital return strategy aimed at optimising its balance sheet.

The company will cancel the repurchased shares, reducing its ordinary shares in issue to 789,954,432, a move that marginally enhances earnings per share and may support the stock’s valuation. The updated share count also provides the new reference denominator for investors and institutions assessing disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:IMB) stock is a Buy with a £3500.00 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 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 GB:IMB stock, click here.

More about Imperial Brands

Imperial Brands is a global tobacco and next-generation products company, best known for manufacturing and selling cigarettes, fine-cut tobacco and related nicotine products. Listed on the London Stock Exchange, it focuses on mature and regulated markets, where it returns capital to shareholders through dividends and large-scale share repurchase programmes.

Average Trading Volume: 1,928,212

Technical Sentiment Signal: Buy

Current Market Cap: £25.63B

See more data about IMB stock on TipRanks’ Stock Analysis page.