Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Imperial Brands ( (GB:IMB) ) has issued an update.
Imperial Brands PLC has repurchased 148,634 of its ordinary shares as part of its GBP 1.25 billion share repurchase programme, which was announced in October 2024. The shares were bought at an average price of GBp 2,865.7359 and will be cancelled, reducing the total number of shares in issue to 812,866,084. This move is likely to impact the company’s share value and market perception, as it reflects a strategic decision to manage capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:IMB) stock is a Hold with a £2400.00 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’ strong valuation metrics and robust financial performance are major positive factors. The company’s high dividend yield and strategic share buybacks further enhance its attractiveness. However, mixed technical indicators and moderate leverage pose potential risks.
To see Spark’s full report on GB:IMB stock, click here.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, primarily focusing on the manufacture and sale of tobacco products and related services. The company is a major player in the global market, known for its wide range of cigarette and tobacco brands.
Average Trading Volume: 2,427,061
Technical Sentiment Signal: Strong Buy
Current Market Cap: £23.13B
Learn more about IMB stock on TipRanks’ Stock Analysis page.