Imperial Brands Executes Share Repurchase and Cancellation

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

Imperial Brands PLC announced the repurchase and cancellation of 238,882 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reduces the total number of shares in issue to 816,734,206, 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 its strong financial performance and attractive valuation, enhanced by significant share buybacks. Moderate technical analysis results suggest stable investor sentiment, while the absence of recent earnings call data limits insights into future guidance.

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 range of cigarettes, cigars, and smokeless tobacco products, catering to a global market.

Average Trading Volume: 2,407,339

Technical Sentiment Signal: Buy

Current Market Cap: £23.46B

For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.