Imperial Brands Announces Share Repurchase and Cancellation

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

Imperial Brands PLC announced the repurchase and cancellation of 217,090 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Morgan Stanley on the London Stock Exchange, reduces the total number of shares in issue to 823,220,540, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.

Spark’s Take on GB:IMB Stock

According to Spark, TipRanks’ AI Analyst, GB:IMB is a Outperform.

Imperial Brands is well-positioned for continued growth, driven by strong financial performance and robust technical indicators. The company’s attractive valuation and strategic share buybacks further enhance its investment appeal, though moderate leverage remains a consideration.

To see Spark’s full report on GB:IMB stock, click here.

More about Imperial Brands

Imperial Brands PLC is a major player in the tobacco industry, primarily engaged in the manufacturing and sale of tobacco products. The company focuses on providing a wide range of tobacco and next-generation products to a global market.

YTD Price Performance: 18.69%

Average Trading Volume: 2,334,735

Technical Sentiment Signal: Sell

Current Market Cap: £24.42B

Learn more about IMB stock on TipRanks’ Stock Analysis page.