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Imperial Brands ( (GB:IMB) ) has provided an announcement.
Imperial Brands PLC has announced the repurchase and cancellation of 137,691 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reduces the total number of shares in issue to 811,763,834, potentially 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 robust financial performance and strategic capital management. Its attractive valuation, combined with stable technical indicators, supports a positive outlook, despite the moderate leverage risk.
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 sale of tobacco products, including cigarettes and other nicotine-related products. The company is a significant player in the global market, with a focus on maintaining and expanding its market share through strategic initiatives.
Average Trading Volume: 2,329,290
Technical Sentiment Signal: Buy
Current Market Cap: £23.73B
See more data about IMB stock on TipRanks’ Stock Analysis page.