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Imperial Brands ( (GB:IMB) ) has provided an update.
Imperial Brands PLC announced the repurchase and cancellation of 494,816 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, is part of the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be reduced to 812,151,525, impacting shareholders’ calculations under the Disclosure Guidance and Transparency Rules.
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 scores highly due to its strong financial performance, attractive valuation, and positive corporate actions such as share buybacks, which enhance shareholder value. Technical indicators support a stable outlook, although moderate leverage warrants monitoring. Overall, the company presents a well-rounded investment opportunity with notable strengths in valuation and financial health.
To see Spark’s full report on GB:IMB stock, click here.
More about Imperial Brands
Imperial Brands PLC is a major player in the tobacco industry, primarily involved in the manufacturing and distribution of cigarettes, cigars, and other tobacco-related products. The company focuses on delivering quality products to a global market, maintaining a strong presence in various regions worldwide.
Average Trading Volume: 2,357,624
Technical Sentiment Signal: Buy
Current Market Cap: £24.05B
See more data about IMB stock on TipRanks’ Stock Analysis page.