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Imperial Brands ( (GB:IMB) ) has shared an announcement.
Imperial Brands PLC has announced the repurchase and cancellation of 125,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Barclays on the London Stock Exchange, will reduce the total number of shares in issue to 808,733,997, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:IMB) stock is a Buy with a £3402.00 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 tobacco products and related services. The company is known for its diverse portfolio of cigarette brands and other tobacco-related products, serving a global market.
Average Trading Volume: 1,927,654
Technical Sentiment Signal: Buy
Current Market Cap: £24.67B
For an in-depth examination of IMB stock, go to TipRanks’ Overview page.