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IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc has continued its share buyback activity, repurchasing 93,594 ordinary shares on 8 April 2026 through J.P. Morgan Securities at an average price of about 2,706 pence per share, with prices ranging between 2,688 pence and 2,714 pence. The shares will be cancelled, reducing the number of shares in issue to 256,014,642 and leaving 243,365,806 voting rights once treasury holdings are excluded, modestly enhancing remaining shareholders’ proportional ownership and supporting capital-return objectives.
The latest tranche of purchases was executed across the London Stock Exchange and BATS venues, with a sterling volume-weighted average price of roughly £27.08 per share on the LSE and £27.03 on BATS. This ongoing reduction in free-float equity may improve earnings per share over time and signals continued management commitment to active balance-sheet management, although the announcement does not alter IMI’s underlying operational outlook.
The most recent analyst rating on (GB:IMI) stock is a Buy with a £2890.00 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 (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 a U.K.-listed industrial engineering group that designs and manufactures specialist flow control and motion control products. Its technologies serve sectors such as energy, transportation, and industrial automation, where precision control of fluids and gases is critical for efficiency, safety, and performance in global infrastructure and manufacturing markets.
Average Trading Volume: 1,087,075
Technical Sentiment Signal: Buy
Current Market Cap: £6.23B
For a thorough assessment of IMI stock, go to TipRanks’ Stock Analysis page.