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The latest announcement is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 300,000 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Barclays Capital Securities Limited, reduces the total number of shares in issue to 806,512,653, 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 £36.50 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 manufacturing and marketing of cigarettes, cigars, and other tobacco-related products. The company is known for its global market presence and commitment to delivering quality tobacco products to its consumers.
Average Trading Volume: 1,716,466
Technical Sentiment Signal: Buy
Current Market Cap: £24.96B
Find detailed analytics on IMB stock on TipRanks’ Stock Analysis page.