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The latest announcement is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 54,059 of its ordinary shares as part of its GBP 1.45 billion share repurchase programme. This transaction, executed through Morgan Stanley on the London Stock Exchange, reduces the total number of shares in issue to 798,906,240, impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:IMB) stock is a Hold with a £2700.00 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 production and sale of tobacco products and related goods. The company is known for its wide range of cigarettes, cigars, and smokeless tobacco products, catering to a global market.
Average Trading Volume: 1,958,554
Technical Sentiment Signal: Buy
Current Market Cap: £25.97B
For an in-depth examination of IMB stock, go to TipRanks’ Overview page.