Imperial Brands Executes Share Buyback, Reducing Outstanding Shares

Imperial Brands ( (GB:IMB) ) has shared an announcement.

Imperial Brands PLC has announced the repurchase and cancellation of 233,562 of its ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Morgan Stanley on the London Stock Exchange, reduces the total number of shares in issue to 822,083,780, which may impact 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 receives a strong overall score due to its robust financial performance, characterized by significant revenue growth and efficient cash management. The stock benefits from positive technical indicators and attractive valuation metrics, including a low P/E ratio and high dividend yield. Strategic share buybacks further enhance shareholder value, though moderate leverage remains a consideration. Overall, the stock is well-positioned for future growth and offers good return potential.

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, including cigarettes, cigars, and smokeless tobacco. The company is a significant player in the global market, catering to a wide range of consumers with its diverse product offerings.

YTD Price Performance: 19.49%

Average Trading Volume: 2,402,985

Technical Sentiment Signal: Sell

Current Market Cap: £24.55B

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