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Imperial Brands ( (GB:IMB) ) has shared an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 210,000 ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, executed through Barclays on the London Stock Exchange, reduces the total number of shares in issue to 810,720,691, potentially impacting shareholder calculations under regulatory guidelines.
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 solid financial performance and attractive valuation metrics. The ongoing share repurchase program further enhances its investment appeal by reducing share count and potentially boosting share value. Moderate technical signals temper the overall score, but the company’s strong dividend yield and strategic capital management present compelling reasons for investor interest.
To see Spark’s full report on GB:IMB stock, click here.
More about Imperial Brands
Imperial Brands PLC is a major player in the tobacco industry, primarily engaged in the manufacturing and sale of tobacco products. The company focuses on delivering high-quality products to its global market.
Average Trading Volume: 2,258,531
Technical Sentiment Signal: Buy
Current Market Cap: £23.45B
For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.