Imperial Brands Executes Share Repurchase and Cancellation

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

Imperial Brands PLC announced the repurchase and cancellation of 160,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays on the London Stock Exchange, reduces the total number of shares in issue to 816,574,206, 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, primarily focusing on the production and sale of tobacco products and related services. The company is known for its wide range of cigarette brands and other tobacco-related products, catering to a global market.

Average Trading Volume: 2,403,162

Technical Sentiment Signal: Buy

Current Market Cap: £23.39B

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