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Imperial Brands ( (GB:IMB) ) has issued an update.
Imperial Brands PLC announced the repurchase and cancellation of 154,421 of its ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, conducted through Barclays Capital Securities Limited, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be reduced to 811,090,691, which may impact 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 receives a strong score driven by robust financial performance and attractive valuation metrics, including a high dividend yield. The ongoing share repurchase program further enhances the stock’s appeal by potentially increasing shareholder value. Technical indicators present a neutral stance, reflecting stable market conditions.
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, cigars, and smokeless tobacco. The company is known for its market presence in various regions and its efforts to maintain a strong position in the global tobacco market.
Average Trading Volume: 2,302,582
Technical Sentiment Signal: Buy
Current Market Cap: £23.5B
See more insights into IMB stock on TipRanks’ Stock Analysis page.