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Imperial Brands ( (GB:IMB) ) has shared an announcement.
Imperial Brands PLC announced the repurchase and cancellation of 199,417 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 805,606,325, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:IMB) stock is a Buy with a £36.00 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’ 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, primarily focusing on the production and sale of cigarettes, cigars, and other tobacco-related products. The company is known for its global market presence and commitment to shareholder returns through strategic initiatives such as share repurchase programs.
Average Trading Volume: 1,747,946
Technical Sentiment Signal: Buy
Current Market Cap: £25.32B
See more insights into IMB stock on TipRanks’ Stock Analysis page.