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Imperial Brands ( (GB:IMB) ) has provided an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 581,288 ordinary shares as part of its GBP 1.45 billion share repurchase program. This transaction, conducted through Morgan Stanley on the London Stock Exchange, reduces the total number of shares in issue to 801,209,424, impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:IMB) stock is a Buy with a £3200.00 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 sale of tobacco products, including cigarettes, cigars, and smokeless tobacco. The company is a major player in the global market, catering to a wide range of consumers with its diverse product offerings.
Average Trading Volume: 1,874,796
Technical Sentiment Signal: Buy
Current Market Cap: £26.18B
See more insights into IMB stock on TipRanks’ Stock Analysis page.