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An announcement from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 225,000 ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, executed through Barclays Capital Securities Limited, reduces the total number of shares in issue to 807,433,996, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
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 GB:IMB Stock
According to Spark, TipRanks’ AI Analyst, GB:IMB is a Outperform.
Imperial Brands’ strong financial performance and attractive valuation are the primary drivers of its score. The positive impact of the share repurchase program further enhances shareholder value. However, technical indicators suggest caution due to potential overbought conditions.
To see Spark’s full report on GB:IMB stock, click here.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the production and sale of tobacco and related products. The company is known for its diverse portfolio of cigarettes, cigars, and smokeless tobacco products, catering to a global market.
Average Trading Volume: 1,713,110
Technical Sentiment Signal: Buy
Current Market Cap: £25.64B
Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.