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
An announcement from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 180,206 ordinary shares as part of its GBP 1.45 billion share repurchase programme. This transaction, executed through Morgan Stanley, aims to reduce the number of shares in circulation, potentially increasing shareholder value and signaling confidence in the company’s financial health.
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 production and sale of tobacco products, including cigarettes and cigars. The company is a major player in the global tobacco market, with a strategic emphasis on maintaining a strong market presence and shareholder value.
Average Trading Volume: 1,834,370
Technical Sentiment Signal: Buy
Current Market Cap: £25.27B
See more data about IMB stock on TipRanks’ Stock Analysis page.