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IMI plc ( (GB:IMI) ) just unveiled an update.
IMI plc has continued its share buyback activity, repurchasing 104,734 ordinary shares on 30 April 2026 via J.P. Morgan Securities at an average price of 2,788.3815 pence, with a range between 2,746.0000 pence and 2,820.0000 pence. Following the cancellation of these shares, IMI’s issued share capital will comprise 254,093,221 ordinary shares, of which 12,648,836 are held in treasury, leaving 241,444,385 voting shares in circulation and modestly enhancing earnings per share for remaining investors.
The transactions, conducted mainly on the London Stock Exchange, are part of IMI’s ongoing capital management strategy to return cash to shareholders and optimise its balance sheet. By reducing the free float and consolidating ownership among remaining shareholders, the company signals confidence in its valuation and maintains alignment with regulatory requirements on disclosure of share repurchases.
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 (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 UK-based industrial engineering group that designs and manufactures flow control and motion control technologies for sectors including energy, industrial automation and critical infrastructure. The company focuses on precision engineered products and solutions that enhance efficiency, safety and performance for customers across global industrial markets.
Average Trading Volume: 1,340,704
Technical Sentiment Signal: Buy
Current Market Cap: £6.71B
Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.