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IMI plc ( (GB:IMI) ) has shared an announcement.
IMI plc has bought back 104,135 of its ordinary shares for cancellation on 24 April 2026, at an average price of 2,861.9245 pence, as part of its ongoing share repurchase activity. Following settlement and cancellation, IMI’s total shares in issue will be 254,511,366, of which 12,648,836 are held in treasury, leaving 241,862,530 voting rights outstanding.
The transaction, executed through J.P. Morgan Securities on the London Stock Exchange, marginally reduces IMI’s share capital while concentrating ownership among remaining investors. The move underscores the company’s continued use of buybacks as a capital allocation tool, which can support earnings per share and may signal confidence in its longer-term financial position.
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-listed engineering group that designs and manufactures specialist flow control products and systems. The company serves industrial and energy markets globally, focusing on highly engineered solutions that improve efficiency, safety and performance in critical applications.
Average Trading Volume: 1,321,424
Technical Sentiment Signal: Buy
Current Market Cap: £6.93B
See more insights into IMI stock on TipRanks’ Stock Analysis page.