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Imperial Brands ( (GB:IMB) ) has shared an update.
Imperial Brands PLC has announced the repurchase and cancellation of 346,782 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 804,770,790, 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, focusing on the production and sale of cigarettes, cigars, and other tobacco-related products. The company is a major player in the global tobacco market, with a significant presence in various international markets.
Average Trading Volume: 1,707,768
Technical Sentiment Signal: Buy
Current Market Cap: £24.3B
See more insights into IMB stock on TipRanks’ Stock Analysis page.