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An update from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 151,901 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be 809,507,112, which stakeholders can use for disclosure and transparency obligations.
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’ strong financial performance and attractive valuation are the primary drivers of its score. The positive impact of the share repurchase program further enhances shareholder value. However, technical indicators suggest caution due to potential overbought 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, focusing on the manufacturing and distribution of tobacco products and related services. The company is known for its wide range of cigarettes, cigars, and smokeless tobacco products, catering to a global market.
Average Trading Volume: 2,060,373
Technical Sentiment Signal: Buy
Current Market Cap: £24.48B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.