Imperial Brands Executes Share Repurchase and Cancellation

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

Imperial Brands PLC announced the repurchase and cancellation of 15,293 ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, executed through Barclays Capital Securities, reduces the total number of shares in issue to 816,392,337, potentially impacting shareholder calculations and interests 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 manufacturing and distribution of cigarettes, cigars, and other tobacco-related products. The company is known for its global market presence and its efforts to adapt to changing consumer preferences and regulatory environments.

Average Trading Volume: 2,380,656

Technical Sentiment Signal: Buy

Current Market Cap: £23.43B

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