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IMI plc ( (GB:IMI) ) has issued an update.
IMI plc has continued its share buyback activity, purchasing 108,500 ordinary shares on 12 March 2026 via J.P. Morgan Securities at an average price of 2,762.5731 pence, with the shares to be cancelled. Following this transaction, IMI will have 259,222,712 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 246,573,876 voting shares outstanding.
The reduction in the number of voting shares through cancellation marginally enhances earnings per share for remaining investors and underscores IMI’s ongoing capital return strategy. The detailed execution on the London Stock Exchange highlights the company’s active balance sheet management and signals confidence in its valuation, which may be supportive for shareholder sentiment over time.
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 GB:IMI Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB: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 products. The company serves a range of end markets, including energy, process industries and climate control, and its shares trade on the London Stock Exchange.
Average Trading Volume: 869,222
Technical Sentiment Signal: Buy
Current Market Cap: £6.8B
See more insights into IMI stock on TipRanks’ Stock Analysis page.