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IMI plc ( (GB:IMI) ) has issued an announcement.
IMI plc has bought back 411,886 of its own ordinary shares for cancellation on 24 March 2026, at a volume-weighted average price of 2,639.2674 pence per share, with trades executed on the London Stock Exchange and BATS via J.P. Morgan Securities. Following settlement and cancellation, IMI’s share capital will comprise 257,765,192 shares in issue, of which 12,648,836 are held in treasury, leaving 245,116,356 voting rights outstanding and modestly enhancing earnings and value per share for remaining investors.
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 U.K.-listed engineering group that designs and manufactures specialist flow control and motion control products for industrial and energy markets worldwide. Its technologies support critical applications across sectors such as manufacturing, transportation and process industries, where reliability and performance are key purchasing criteria.
Average Trading Volume: 972,955
Technical Sentiment Signal: Buy
Current Market Cap: £6.47B
For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.