IMI plc Announces Share Buyback to Boost Shareholder Value

IMI plc ( (GB:IMI) ) just unveiled an announcement.

IMI plc, a company operating in the engineering sector, has announced a significant transaction involving the repurchase of its own shares. On May 16, 2025, the company bought back 125,000 ordinary shares at an average price of 1,971.9583 pence per share, with the highest price paid being 1,978.00 pence and the lowest at 1,964.00 pence. This move reduces the total number of shares in issue to 265,034,074, with 252,385,238 voting rights remaining. This strategic share buyback could potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share and signaling confidence in the company’s financial health.

The most recent analyst rating on (GB:IMI) stock is a Buy with a £2205.00 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 GB:IMI Stock

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

IMI plc is fundamentally strong with robust financial metrics and strategic corporate actions like share buybacks enhancing shareholder value. However, the technical analysis suggests caution due to potential short-term weaknesses, and the valuation appears slightly elevated, which may limit immediate upside potential. Despite these challenges, the company is well-positioned with a stable outlook.

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

More about IMI plc

Average Trading Volume: 707,889

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.87B

For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.