Imperial Brands Executes Share Repurchase and Cancellation

The latest announcement is out from Imperial Brands ( (GB:IMB) ).

Imperial Brands PLC announced the repurchase and cancellation of 166,576 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this transaction, the total number of shares in issue stands at 816,407,630, which is relevant for shareholders and stakeholders monitoring their interest in the company.

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 portfolio of cigarette brands and has a significant presence in various international markets.

Average Trading Volume: 2,374,852

Technical Sentiment Signal: Buy

Current Market Cap: £23.39B

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