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IMI plc ( (GB:IMI) ) just unveiled an announcement.
IMI plc has repurchased 386,465 of its ordinary shares for cancellation, at an average price of 2,602.0492 pence per share, with trades executed on 23 March 2026 through J.P. Morgan Securities on the London Stock Exchange and BATS. Following settlement and cancellation, IMI’s share capital will consist of 258,177,078 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 245,528,242 voting rights and modestly increasing existing shareholders’ proportional ownership.
The transaction forms part of IMI’s ongoing capital management activities and is likely aimed at enhancing capital efficiency and earnings per share. By reducing the free float and maintaining a sizeable treasury position, the company preserves flexibility for future corporate purposes while signalling confidence in its valuation to the market.
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-listed specialist engineering group that designs and manufactures highly engineered flow control and motion control components. Its products serve industrial and energy markets globally, where precise control technologies are used in sectors such as process industries, automation, and critical infrastructure.
Average Trading Volume: 964,174
Technical Sentiment Signal: Buy
Current Market Cap: £6.47B
For an in-depth examination of IMI stock, go to TipRanks’ Overview page.