Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Imperial Brands ( (GB:IMB) ) has shared an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 355,650 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Barclays Capital Securities Limited, is part of the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be reduced to 814,389,850, which may impact shareholders’ notification obligations 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’ overall stock score is driven primarily by its strong financial performance and strategic corporate actions such as share buybacks. While technical indicators and valuation suggest a stable but cautious market view, the financials and corporate strategy underpin long-term potential.
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 manufacture and sale of cigarettes, cigars, and other tobacco-related products. The company is a prominent player in the global market, catering to a wide range of consumers with its diverse product portfolio.
Average Trading Volume: 2,535,073
Technical Sentiment Signal: Buy
Current Market Cap: £23.01B
Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.