Imperial Brands Executes Share Repurchase and Cancellation

Imperial Brands ( (GB:IMB) ) just unveiled an update.

Imperial Brands PLC has announced the repurchase and cancellation of 254,405 ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, conducted through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 818,547,399, potentially impacting shareholder 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 well due to strong financial performance and attractive valuation. The extensive share repurchase program and increased dividends enhance shareholder value. However, technical indicators show mixed signals, suggesting potential short-term weakness. The absence of earnings call data does not impact the score significantly.

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

Average Trading Volume: 2,572,956

Technical Sentiment Signal: Buy

Current Market Cap: £22.6B

Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.