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IMI plc ( (GB:IMI) ) has provided an update.
IMI plc has continued its share buyback activity, repurchasing 110,500 ordinary shares on 19 March 2026 through J.P. Morgan Securities at an average price of 2,629.5709 pence per share for cancellation. The highest and lowest prices paid were 2,676.0 pence and 2,586.0 pence respectively, with all trading executed on the London Stock Exchange.
Following settlement and cancellation of these shares, IMI’s total shares in issue will fall to 258,678,675, of which 12,648,836 are held in treasury, leaving 246,029,839 voting rights outstanding. The transaction marginally reduces the company’s free float and is part of its ongoing capital management strategy, typically seen as a shareholder-friendly move that can enhance earnings per share over time.
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 (improving margins, de-risking balance sheet, solid earnings quality) and a generally positive earnings call with reaffirmed guidance and strong orders. This is tempered by mixed near-term technical momentum and a valuation profile that looks only moderately attractive given the ~20 P/E and low dividend yield.
To see Spark’s full report on IMI stock, click here.
More about IMI plc
IMI plc is a UK-based engineering group that designs and manufactures highly engineered flow control products for industrial applications. The company serves sectors such as energy, transportation, and critical process industries, focusing on precision valves, actuators, and related technologies for complex and safety-critical systems.
Average Trading Volume: 902,285
Technical Sentiment Signal: Buy
Current Market Cap: £6.39B
For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.