Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback

Imperial Brands ( (GB:IMB) ) just unveiled an update.

Imperial Brands has continued executing its £1.45 billion share buyback by repurchasing 203,255 ordinary shares on 26 March 2026 at an average price of 3,046.69 pence, with all shares acquired from Morgan Stanley in an on-exchange transaction. The company will cancel these shares, reducing the number of ordinary shares in issue to 782,176,695, a move that marginally enhances earnings per share and clarifies the new capital base for investors and disclosure obligations.

The updated share count will serve as the reference denominator for shareholders and other parties when assessing whether they must notify holdings under disclosure and transparency rules. This ongoing reduction in share capital underscores Imperial Brands’ continued focus on capital returns to investors and may signal confidence in its valuation and cash generation capacity.

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 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 global tobacco and nicotine products company, best known for manufacturing and distributing cigarettes and next-generation alternatives. The group focuses on developed and emerging markets, where it seeks to balance cash generation from traditional tobacco with investment in reduced-risk products to support long-term shareholder returns.

Average Trading Volume: 2,224,508

Technical Sentiment Signal: Buy

Current Market Cap: £23.74B

Learn more about IMB stock on TipRanks’ Stock Analysis page.