Imperial Brands Cuts Share Count as £1.45bn Buyback Progresses

An announcement from Imperial Brands ( (GB:IMB) ) is now available.

Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 113,468 ordinary shares for cancellation on 25 March 2026 at an average price of 3,044.87 pence. All shares were acquired via Morgan Stanley on the London Stock Exchange, and will be cancelled, reducing the total shares in issue to 782,379,950.

The reduced share count will be used as the new denominator for regulatory disclosure calculations under the Disclosure Guidance and Transparency Rules. The ongoing buyback underlines Imperial Brands’ capital return strategy, which can enhance earnings per share and support valuation by concentrating ownership among remaining shareholders.

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 next-generation products company, producing and marketing cigarettes, cigars, rolling tobacco and vaping products. Listed on the London Stock Exchange, it focuses on mature and regulated nicotine markets, returning excess cash to shareholders alongside its dividend policy.

Average Trading Volume: 2,243,785

Technical Sentiment Signal: Buy

Current Market Cap: £23.61B

For an in-depth examination of IMB stock, go to TipRanks’ Overview page.