Imperial Brands Cancels Further Shares Under £1.45bn Buyback
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Imperial Brands continues its £1.45 billion share buyback, repurchasing 221,485 shares at 3,181.71 pence each, reducing total shares to 797,282,814. This move tightens the share capital base, potentially enhancing earnings per share. Analysts rate the stock as a Buy with a £3650.00 target, noting strong earnings and positive technical indicators. Despite regulatory challenges, the stock's valuation is attractive. Imperial Brands, a UK tobacco company, is listed on the London Stock Exchange with a market cap of £25.36B.
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