Imperial Brands Executes Share Repurchase to Enhance Shareholder Value
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Imperial Brands PLC has announced the repurchase and cancellation of 134,879 ordinary shares as part of its GBP 1.45 billion share repurchase program. This move, executed through Morgan Stanley on the London Stock Exchange, aims to reduce the number of shares in circulation, potentially enhancing shareholder value. The latest analyst rating for Imperial Brands (GB:IMB) is a Buy, with a price target of £3100.00, reflecting strong financial performance and attractive valuation, although caution is advised due to potential overbought conditions.
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