Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
IMI plc ( (GB:IMI) ) has issued an announcement.
IMI plc announced the repurchase of 49,243 of its ordinary shares for cancellation at an average price of 2,198.3292 pence per share. This transaction, conducted through J.P. Morgan Securities plc, reduces the total number of ordinary shares in issue to 259,649,161, with 12,648,836 shares held in treasury, impacting the total voting rights to 247,000,325.
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 scores strongly due to its solid financial performance and strategic share buyback program, which are significant factors in enhancing shareholder value. The technical indicators are positive but warrant caution due to potential overvaluation signals. The exceptionally high dividend yield supports the stock’s attractiveness despite a high P/E ratio.
To see Spark’s full report on GB:IMI stock, click here.
More about IMI plc
Average Trading Volume: 826,637
Technical Sentiment Signal: Buy
Current Market Cap: £5.42B
See more insights into IMI stock on TipRanks’ Stock Analysis page.