TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 361,248 of its ordinary shares as part of its GBP 1.45 billion share repurchase program. This transaction, executed through Morgan Stanley, aims to reduce the number of shares in circulation to 800,145,039, 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 £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 is a major player in the tobacco industry, primarily engaged in the manufacturing and sale of tobacco products. The company focuses on providing a range of cigarettes, cigars, and other tobacco-related products to a global market.
Average Trading Volume: 1,931,636
Technical Sentiment Signal: Buy
Current Market Cap: £25.84B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.