An update from Imperial Brands ( (GB:IMB) ) is now available.
Imperial Brands PLC announced the repurchase and cancellation of 215,819 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 823,437,630, impacting 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 scores highly due to its robust financial performance and attractive valuation, supported by strategic corporate actions like share buybacks. While moderate leverage is a consideration, the stock is well-positioned for future growth.
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 and related services. The company is known for its wide range of cigarette brands and has a significant presence in the global market.
YTD Price Performance: 18.73%
Average Trading Volume: 2,336,925
Technical Sentiment Signal: Sell
Current Market Cap: £24.28B
See more insights into IMB stock on TipRanks’ Stock Analysis page.