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Imperial Brands ( (GB:IMB) ) just unveiled an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 110,000 of its ordinary shares as part of a GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, aims to reduce the number of shares in circulation, potentially increasing shareholder value and impacting the company’s market positioning by altering shareholding calculations under the Disclosure Guidance and Transparency Rules.
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, focusing on the manufacture and sale of tobacco products. The company is known for its wide range of cigarettes, cigars, and smokeless tobacco products, serving a global market.
Average Trading Volume: 1,859,484
Technical Sentiment Signal: Buy
Current Market Cap: £25.32B
Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.