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IMI plc ( (GB:IMI) ) has issued an announcement.
IMI plc has continued its share buyback activity, purchasing 108,703 ordinary shares for cancellation on 15 May 2026 at an average price of 2,651.5191 pence. The move reduces the company’s total shares in issue to 253,331,937 and leaves 240,683,101 voting rights after accounting for treasury holdings.
By shrinking its free float through buybacks, IMI is effectively returning capital to shareholders and potentially enhancing earnings per share. The transaction underlines management’s confidence in the company’s valuation and provides incremental support to the stock in the London market, which may be welcomed by long-term investors.
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-based engineering company specialising in precision flow control technologies and related industrial solutions. Its products serve sectors such as energy, transportation, and industrial automation, where reliable control of fluids and gases is critical to performance and safety.
Average Trading Volume: 1,486,763
Technical Sentiment Signal: Buy
Current Market Cap: £6.34B
For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.