Imperial Brands Continues £1.45bn Buyback with Further Share Cancellation

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

Imperial Brands has continued execution of its previously announced £1.45 billion share repurchase programme by buying back 2,091 ordinary shares on 15 January 2026 at an average price of 3,031.36 pence per share, with all shares acquired from Morgan Stanley on the London Stock Exchange. The company will cancel these shares, reducing the number of ordinary shares in issue to 793,071,687, a move that marginally enhances earnings per share and signals ongoing commitment to shareholder returns, while also setting a new share capital base for investors’ disclosure and transparency calculations.

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 PLC is a UK-based tobacco and nicotine products company, best known for manufacturing and selling cigarettes and next-generation products across global markets. Listed on the London Stock Exchange, it targets adult consumers and operates in a highly regulated industry where capital allocation and shareholder returns are closely watched by investors.

Average Trading Volume: 1,900,482

Technical Sentiment Signal: Buy

Current Market Cap: £23.91B

For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.