Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
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Imperial Brands has announced the repurchase of 75,925 ordinary shares as part of its £1.45 billion buyback program, paying an average price of 3,023.72 pence per share. The cancellation of these shares will reduce the total to 791,753,721, potentially enhancing earnings per share. Analysts rate the stock as a Buy with a £3500.00 price target, citing strong performance and attractive valuation despite regulatory challenges. The company operates in the tobacco and nicotine sector, with a current market cap of £23.87 billion.
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