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IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc has continued its share buyback activity, repurchasing 107,000 ordinary shares on 29 April 2026 at an average price of 2,808.2288 pence, with the shares to be cancelled. Following this transaction, the company will have 254,197,955 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 241,549,119 voting rights outstanding.
The move marginally reduces IMI’s free float and enhances earnings per share for remaining investors, underlining the group’s ongoing capital return strategy. The detailed trade data, executed via J.P. Morgan Securities on the London Stock Exchange, signals continued active management of the company’s balance sheet and shareholder capital structure.
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 UK-listed engineering group that designs and manufactures specialist flow control and motion control products. Its technologies are used across industrial sectors including energy, transportation, and process industries, with a focus on precision-engineered solutions for critical applications worldwide.
Average Trading Volume: 1,340,704
Technical Sentiment Signal: Buy
Current Market Cap: £6.71B
Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.