IMI plc Cancels 114,000 Shares in Ongoing Buyback Programme

The latest update is out from IMI plc ( (GB:IMI) ).

IMI plc has continued its share buyback activity, repurchasing 114,000 ordinary shares on 16 March 2026 via J.P. Morgan Securities at a volume-weighted average price of 2,664.76 pence. The transaction forms part of the company’s capital management strategy and reflects ongoing efforts to return surplus cash to shareholders while optimising its balance sheet.

Following the cancellation of these shares, IMI’s share count will fall to 259,000,344, of which 12,648,836 are held in treasury, leaving 246,351,508 voting rights outstanding. The reduction in free-float equity marginally enhances earnings per share and underscores management’s confidence in the group’s valuation and long-term prospects, a positive signal for existing investors.

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 engineering group that designs and manufactures flow control and motion control products for industrial and energy markets worldwide. The company focuses on highly engineered solutions that improve safety, efficiency and sustainability in critical applications across process, industrial automation and HVAC sectors.

Average Trading Volume: 892,572

Technical Sentiment Signal: Buy

Current Market Cap: £6.56B

See more insights into IMI stock on TipRanks’ Stock Analysis page.