Imperial Brands Executes Share Repurchase and Cancellation

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

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 on the London Stock Exchange, reduces the total number of shares in issue to 817,383,561, 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’ strong financial performance, particularly in revenue growth and cash flow management, is a major positive. The ongoing share repurchase program further supports shareholder value. However, the technical analysis suggests caution due to bearish momentum, and while the company’s valuation is attractive, it should be monitored alongside market 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 manufacture and sale of tobacco and related products. The company is known for its diverse portfolio of cigarettes, cigars, and smokeless tobacco products, with a significant presence in various international markets.

Average Trading Volume: 2,461,918

Technical Sentiment Signal: Buy

Current Market Cap: £23.24B

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