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Imperial Brands Executes Share Repurchase and Cancellation

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Imperial Brands Executes Share Repurchase and Cancellation

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

Imperial Brands PLC announced the repurchase and cancellation of 200,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Barclays Capital Securities Limited, aims to reduce the number of shares in issue to 813,370,193, potentially impacting shareholder interests and market perceptions.

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’ financial performance and strategic share buybacks are the most significant positives, indicating strong revenue growth and shareholder value enhancement. However, technical indicators suggest a cautious outlook with potential for consolidation.

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 tobacco products, including cigarettes and cigars. The company is known for its global market presence and efforts to adapt to changing consumer preferences and regulatory environments.

Average Trading Volume: 2,564,225

Technical Sentiment Signal: Strong Buy

Current Market Cap: £22.85B

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

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