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An announcement from IMI plc ( (GB:IMI) ) is now available.
IMI plc has repurchased 104,109 of its ordinary shares on 23 April 2026 via J.P. Morgan Securities at an average price of 2,848.9046 pence, with the shares being cancelled. Following this transaction, IMI’s total shares in issue fall to 254,615,501, of which 12,648,836 are held in treasury, leaving 241,966,665 voting rights outstanding and marginally enhancing the ownership stake of remaining shareholders.
The buyback, executed primarily on the London Stock Exchange, forms part of IMI’s ongoing capital management efforts to return cash to investors and optimize its balance sheet. By reducing the free float and concentrating voting rights, the company continues a shareholder-friendly strategy that may support earnings per share and signal confidence in its valuation and future prospects.
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 engineering group that designs and manufactures specialist flow control and motion control technologies for industrial customers. The company’s products serve sectors such as energy, transportation, and manufacturing, with a focus on improving efficiency, safety, and sustainability across its global markets.
Average Trading Volume: 1,313,927
Technical Sentiment Signal: Buy
Current Market Cap: £6.88B
Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.