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IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc has repurchased 382,000 of its ordinary shares for cancellation at an average price of 2,670.3724 pence per share, as part of its ongoing share buyback activity conducted through J.P. Morgan Securities. Following settlement and cancellation, the company’s total shares in issue will be reduced to 252,949,937, with 12,648,836 held in treasury, leaving 240,301,101 voting rights outstanding, which marginally increases the ownership percentage of remaining shareholders.
The transactions were executed on 18 May 2026 across the London Stock Exchange and BATS, at prices ranging between 2,642.0000 pence and 2,692.0000 pence per share. This continued capital management initiative underscores IMI’s use of buybacks to adjust its capital structure and return value to investors, potentially supporting earnings per share and signalling confidence in the company’s long-term prospects.
The most recent analyst rating on (GB:IMI) stock is a Buy with a £32.30 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 (rising margins, strong ROE, and improving leverage), offset by weaker near-term technical momentum and a valuation that is not notably cheap given a modest dividend yield.
To see Spark’s full report on IMI stock, click here.
More about IMI plc
IMI plc is an engineering company focused on motion and fluid control technologies, supplying precision-engineered products and systems to industrial and energy markets worldwide. Its offerings typically serve sectors such as automation, process industries, and other applications requiring high-performance flow control solutions.
Average Trading Volume: 1,486,763
Technical Sentiment Signal: Buy
Current Market Cap: £6.34B
For a thorough assessment of IMI stock, go to TipRanks’ Stock Analysis page.