Imperial Brands Executes Share Repurchase and Cancellation

An update from Imperial Brands ( (GB:IMB) ) is now available.

Imperial Brands PLC announced the repurchase and cancellation of 120,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 817,213,088, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:IMB) stock is a Buy with a £30.00 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 a 71, driven primarily by its strong financial performance and strategic share repurchase program. These factors are complemented by a solid valuation profile. However, mixed technical signals suggest cautious trading sentiments.

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

Average Trading Volume: 2,448,071

Technical Sentiment Signal: Buy

Current Market Cap: £23.19B

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