Imperial Brands Executes Share Repurchase and Cancellation

Imperial Brands ( (GB:IMB) ) has provided an announcement.

Imperial Brands PLC announced the repurchase and cancellation of 32,787 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. The transaction, conducted through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 819,151,804, potentially impacting shareholder calculations and interest notifications under regulatory guidelines.

The most recent analyst rating on (GB:IMB) stock is a Hold with a £2100.00 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 Neutral.

Imperial Brands’ overall stock score reflects strong financial performance and attractive valuation metrics, which are offset by mixed technical indicators. The company’s robust revenue growth and strategic corporate actions contribute positively, while moderate leverage needs monitoring. The stock presents a potential growth opportunity with significant upside potential for investors seeking value in the tobacco industry.

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 known for its wide range of cigarettes, cigars, and smokeless tobacco products, catering to a global market.

Average Trading Volume: 2,659,488

Technical Sentiment Signal: Buy

Current Market Cap: £22.53B

See more insights into IMB stock on TipRanks’ Stock Analysis page.