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Imperial Brands ( (GB:IMB) ) has issued an update.
Imperial Brands PLC announced the repurchase and cancellation of 250,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, conducted through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 820,220,848, potentially impacting shareholder calculations under regulatory disclosure rules.
The most recent analyst rating on (GB:IMB) stock is a Hold with a £20.00 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 receives a strong overall score due to its robust financial performance, characterized by significant revenue growth and efficient cash management. The stock benefits from attractive valuation metrics, including a low P/E ratio and high dividend yield. Strategic share buybacks further enhance shareholder value. Moderate leverage is a risk, but the overall outlook remains positive, offering significant upside 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 primarily on the manufacture and sale of tobacco products and related services. The company is known for its market presence in the global tobacco sector.
Average Trading Volume: 2,482,368
Technical Sentiment Signal: Buy
Current Market Cap: £24.08B
Learn more about IMB stock on TipRanks’ Stock Analysis page.