IMI cuts share count with latest buyback on 9 April

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

IMI plc has repurchased 170,887 of its ordinary shares on 9 April 2026 via J.P. Morgan Securities plc, at an average price of 2,740.1457 pence per share, for cancellation. After settlement and cancellation, the company will have 255,843,755 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 243,194,919 voting rights outstanding.

The transaction, executed across the London Stock Exchange and BATS venues, forms part of IMI’s ongoing capital management, reducing the free float and potentially enhancing earnings per share for remaining shareholders. The updated share and voting-rights figures will be relevant for investors tracking IMI’s capital base, index weightings and governance metrics.

The most recent analyst rating on (GB:IMI) stock is a Buy with a £3181.00 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 industrial engineering company whose operations typically span specialist flow control systems and related technologies for industrial and energy markets. Its shares are listed on the London Stock Exchange, where it actively manages its capital structure through share buyback and treasury share programmes.

Average Trading Volume: 1,152,916

Technical Sentiment Signal: Buy

Current Market Cap: £6.68B

See more data about IMI stock on TipRanks’ Stock Analysis page.