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An update from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 90,000 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 reduced to 809,417,112, 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’ 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, primarily focusing on the manufacture and sale of cigarettes, tobacco products, and related services. The company is known for its wide range of tobacco brands and has a significant market presence globally.
Average Trading Volume: 2,043,601
Technical Sentiment Signal: Buy
Current Market Cap: £24.62B
Learn more about IMB stock on TipRanks’ Stock Analysis page.