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IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc has continued its share buyback activity, purchasing 108,368 ordinary shares on 13 March 2026 at an average price of 2,687.2539 pence per share for cancellation. The move reduces the total shares in issue to 259,114,344, of which 12,648,836 are held in treasury, leaving 246,465,508 voting rights and marginally enhancing remaining shareholders’ ownership stakes.
The latest tranche of repurchases, executed through J.P. Morgan Securities on the London Stock Exchange, underscores IMI’s ongoing capital management strategy aimed at returning surplus cash to investors. By shrinking its free-float equity base, the company may improve earnings per share metrics and signal confidence in its valuation, a development closely watched by equity holders and market analysts.
The most recent analyst rating on (GB:IMI) stock is a Hold with a £2925.00 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 U.K.-listed industrial engineering group that designs and manufactures specialist flow control and motion control technologies for industrial, energy and process markets worldwide. Its products and systems serve sectors where precision engineering, reliability and efficiency are critical to customers’ operations and performance.
Average Trading Volume: 870,822
Technical Sentiment Signal: Buy
Current Market Cap: £6.49B
See more insights into IMI stock on TipRanks’ Stock Analysis page.