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An update from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 210,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, reduces the total number of shares in issue to 807,156,296, 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 is a major player in the tobacco industry, primarily engaged in the manufacture and sale of tobacco products. The company focuses on delivering high-quality tobacco products to consumers worldwide, maintaining a significant presence in the global market.
Average Trading Volume: 1,873,282
Technical Sentiment Signal: Buy
Current Market Cap: £24.97B
See more data about IMB stock on TipRanks’ Stock Analysis page.