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The latest announcement is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 170,000 ordinary shares as part of its GBP 1.25 billion share repurchase programme. This transaction, conducted through Barclays Capital Securities Limited, is part of the company’s ongoing efforts to manage its capital structure. Following the cancellation, the total number of ordinary shares in issue will be 808,076,337. This move is expected to impact 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 production and sale of cigarettes, cigars, and other tobacco-related products. The company is known for its wide range of tobacco brands and has a significant market presence in various regions worldwide.
Average Trading Volume: 1,947,358
Technical Sentiment Signal: Buy
Current Market Cap: £25.2B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.