IMI Continues Buyback Programme With April Share Repurchase

The latest update is out from IMI plc ( (GB:IMI) ).

IMI plc has continued its share buyback activity, repurchasing 103,900 ordinary shares on 21 April 2026 through J.P. Morgan Securities at an average price of 2,872.3346 pence, with the shares to be cancelled. Following settlement and cancellation, the company will have 254,822,427 shares in issue, 12,648,836 held in treasury, and 242,173,591 voting rights outstanding, marginally increasing earnings and ownership per share for remaining investors.

The latest transaction underscores IMI’s ongoing capital management strategy, signalling confidence in its balance sheet and prospects while returning value to shareholders via reduced share count. By tightening the free-float through systematic buybacks, IMI potentially supports its share price and optimises its capital structure in a competitive industrial engineering market.

The most recent analyst rating on (GB:IMI) stock is a Hold with a £2700.00 price target. To see the full list of analyst forecasts on IMI plc stock, see the GB:IMI Stock Forecast page.

Spark’s Take on IMI Stock

According to Spark, TipRanks’ AI Analyst, IMI is a Outperform.

The score is driven primarily by strong financial performance (rising margins, strong ROE, and improving leverage), offset by weaker near-term technical momentum and a valuation that is not notably cheap given a modest dividend yield.

To see Spark’s full report on IMI stock, click here.

More about IMI plc

IMI plc is a UK-based engineering group that designs and manufactures specialist flow control products and highly engineered solutions for industrial markets. Its technologies serve sectors such as energy, transportation, and process industries, where precision control and operational reliability are critical to customers.

Average Trading Volume: 1,310,941

Technical Sentiment Signal: Buy

Current Market Cap: £6.97B

Learn more about IMI stock on TipRanks’ Stock Analysis page.