
Imperial Brands Executes Share Buyback to Enhance Shareholder Value

Imperial Brands PLC has announced the repurchase and cancellation of 118,416 ordinary shares as part of its GBP 1.45 billion share buyback program, executed through Morgan Stanley. This move aims to enhance shareholder value, reducing the total number of shares to 803,054,468. Analysts rate the stock as a Buy with a £3100.00 price target, while Spark's AI Analyst gives it an Outperform rating, citing strong financial performance. However, caution is advised due to potential overbought conditions. The company operates in the tobacco industry, focusing on various tobacco products.
Imperial Brands ( (GB:IMB) ) has provided an update.
Imperial Brands PLC announced the repurchase and cancellation of 118,416 ordinary shares as part of its GBP 1.45 billion share repurchase program. This transaction, executed through Morgan Stanley, reflects the company’s ongoing strategy to enhance shareholder value. Following this transaction, the total number of ordinary shares in issue will be reduced to 803,054,468, impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:IMB) stock is a Buy with a £3100.00 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 manufacture and sale of tobacco products, including cigarettes, cigars, and smokeless tobacco. 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: 1,803,844
Technical Sentiment Signal: Buy
Current Market Cap: £24.71B
See more insights into IMB stock on TipRanks’ Stock Analysis page.

