Imperial Brands Executes Share Repurchase and Cancellation

The latest update is out from Imperial Brands ( (GB:IMB) ).

Imperial Brands PLC announced the repurchase and cancellation of 220,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. The cancellation of these shares will reduce the total number of ordinary shares in issue to 820,470,848, impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:IMB) stock is a Hold with a £20.00 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 receives a strong overall score due to its robust financial performance, characterized by significant revenue growth and efficient cash management. The stock benefits from positive technical indicators and attractive valuation metrics, including a low P/E ratio and high dividend yield. Strategic share buybacks further enhance shareholder value, though moderate leverage remains a consideration. Overall, the stock is well-positioned for future growth and offers good return potential.

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 manufacturing and sale of cigarettes, cigars, and other tobacco-related products. The company is a major player in the global tobacco market, with a significant presence in various international markets.

Average Trading Volume: 2,515,290

Technical Sentiment Signal: Buy

Current Market Cap: £24.72B

See more data about IMB stock on TipRanks’ Stock Analysis page.