tiprankstipranks
Trending News
More News >

Imperial Brands Executes Share Repurchase to Boost Shareholder Value

Story Highlights
Imperial Brands Executes Share Repurchase to Boost Shareholder Value

Confident Investing Starts Here:

Imperial Brands ( (GB:IMB) ) has provided an update.

Imperial Brands PLC has announced the repurchase and cancellation of 113,174 ordinary shares as part of its GBP 1.25 billion share repurchase program. This move, executed through Barclays Capital Securities Limited, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value.

The most recent analyst rating on (GB:IMB) stock is a Hold with a £2400.00 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’ overall stock score is driven by its strong financial performance and strategic corporate actions like share repurchases. Despite the positive valuation metrics, technical analysis presents some caution with mixed signals.

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 manufacturing and sale of cigarettes, cigars, and other tobacco-related products. The company is known for its strong market presence and commitment to shareholder returns.

Average Trading Volume: 2,626,660

Technical Sentiment Signal: Buy

Current Market Cap: £22.94B

For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App