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An announcement from IMI plc ( (GB:IMI) ) is now available.
IMI plc has repurchased 111,043 of its ordinary shares for cancellation on 18 March 2026, at an average price of 2,726.7985 pence per share executed via J.P. Morgan Securities on the London Stock Exchange. Following this transaction, IMI’s share capital will comprise 258,789,175 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 246,140,339 voting rights and modestly enhancing earnings and ownership concentration for remaining shareholders.
The latest buyback forms part of the company’s ongoing capital management strategy, signaling continued confidence in its valuation and cash-generation capacity. The adjustment to the free float and voting rights may support per-share financial metrics over time, while maintaining flexibility for future treasury share use or further cancellations, depending on corporate and market conditions.
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 specialist flow control and motion control technologies. Its products serve industrial sectors including energy, transportation and automation, where precision fluid and air handling components are critical to customer operations and efficiency.
Average Trading Volume: 901,359
Technical Sentiment Signal: Buy
Current Market Cap: £6.67B
For a thorough assessment of IMI stock, go to TipRanks’ Stock Analysis page.