IMI Continues Capital Return with April Share Buyback

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

IMI plc has continued its share buyback activity, repurchasing 213,131 ordinary shares on 14 April 2026 at an average price of 2,837.7049 pence per share through J.P. Morgan Securities. The transaction, executed across the London Stock Exchange and BATS, saw prices range between 2,814p and 2,860p.

Following cancellation of the repurchased shares, IMI’s share capital will comprise 255,341,767 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 242,692,931 voting rights. The latest buyback tranche marginally reduces the free float and is part of the company’s broader capital management strategy aimed at enhancing shareholder value.

The most recent analyst rating on (GB:IMI) stock is a Buy with a £32.30 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-listed engineering group that designs and manufactures specialist flow control and motion control technologies. Its products serve industrial, energy and process markets worldwide, where it focuses on precision-engineered solutions to improve efficiency, safety and performance for customers in highly regulated sectors.

Average Trading Volume: 1,266,890

Technical Sentiment Signal: Buy

Current Market Cap: £6.77B

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