Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 71,901 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, is part of the company’s ongoing efforts to manage its capital structure and provide value to shareholders. Following this repurchase, the total number of ordinary shares in issue will be 809,491,595, which is relevant for shareholder notification obligations under regulatory guidelines.
The most recent analyst rating on (GB:IMB) stock is a Buy with a £36.50 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 manufacture and sale of tobacco and related products. The company is known for its wide range of cigarette and tobacco brands and has a significant presence in global markets.
Average Trading Volume: 1,856,476
Technical Sentiment Signal: Buy
Current Market Cap: £25.15B
Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.