Imperial Brands Cancels Further Shares in £1.45bn Buyback

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

Imperial Brands has repurchased 249,435 ordinary shares at an average price of 3,101.9783 pence per share as part of its ongoing £1.45 billion share buyback programme. The shares, acquired via Barclays on the London Stock Exchange, will be cancelled, reducing the number of ordinary shares in issue to 780,449,990 and adjusting the denominator used by investors for regulatory disclosure calculations.

The reduction in share count supports capital-return objectives and can enhance earnings per share, potentially benefiting remaining shareholders. It also signals continued execution of Imperial Brands’ commitment to returning surplus capital, which may influence investor perception of the company’s financial discipline and balance-sheet strength.

The most recent analyst rating on (GB:IMB) stock is a Buy with a £36.50 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 PLC is a global tobacco and nicotine company listed on the London Stock Exchange. It primarily manufactures and sells cigarettes and other tobacco products, as well as next-generation nicotine offerings, serving consumers in multiple international markets.

Average Trading Volume: 2,302,496

Technical Sentiment Signal: Buy

Current Market Cap: £23.98B

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