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Imperial Brands ( (GB:IMB) ) has provided an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 44,225 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays on the London Stock Exchange, reduces the total number of shares in issue to 810,044,646, 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 strong financial health and attractive valuation, supported by a positive impact from corporate events like share repurchases. However, the stock’s technical indicators suggest cautious optimism due to overbought conditions.
To see Spark’s full report on GB:IMB stock, click here.
More about Imperial Brands
Imperial Brands PLC operates within the tobacco industry, primarily focusing on the production and sale of tobacco products. The company is known for its wide range of cigarettes, cigars, and other tobacco-related products, catering to a global market.
Average Trading Volume: 2,159,213
Technical Sentiment Signal: Buy
Current Market Cap: £24.09B
For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.