IMI Cuts Share Count With Latest Buyback of Over 100,000 Shares

IMI plc ( (GB:IMI) ) has provided an update.

IMI plc has repurchased 103,755 of its ordinary shares on 28 April 2026 via J.P. Morgan Securities at a volume-weighted average price of 2,828.4962 pence, with the shares to be cancelled. Following settlement and cancellation, IMI will have 254,304,955 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 241,656,119 voting rights outstanding.

The latest buyback trade, executed mainly on the London Stock Exchange, forms part of IMI’s ongoing capital management strategy to reduce share count and return value to shareholders. The reduction in free-float voting shares marginally increases existing investors’ proportional ownership and underscores the company’s confidence in its financial position and long-term prospects.

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 U.K.-listed engineering group that designs and manufactures highly engineered flow control products and systems for industrial applications. The company serves sectors such as energy, process industries and automation, focusing on precision valves, actuators and related technologies for mission-critical operations.

Average Trading Volume: 1,332,255

Technical Sentiment Signal: Buy

Current Market Cap: £6.91B

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