IMI plc cuts share count with latest buyback tranche

IMI plc ( (GB:IMI) ) just unveiled an update.

IMI plc has continued its share buyback activity, repurchasing 225,500 ordinary shares on 27 March 2026 through J.P. Morgan Securities at an average price of 2,617.9775 pence per share for cancellation. The trades were executed on the London Stock Exchange and BATS venues within a tight price range between 2,590.0000p and 2,662.0000p.

Following settlement and cancellation of these shares, IMI’s total shares in issue will fall to 257,100,008, of which 12,648,836 are held in treasury, leaving 244,451,172 voting rights. The reduction in free float and voting rights underscores the company’s ongoing capital management strategy, which can enhance earnings per share and may be supportive for remaining shareholders over time.

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 UK-listed industrial engineering group that designs and manufactures specialist flow control and motion control technologies. Its products and solutions serve sectors such as energy, industrial automation and process industries, with a focus on improving efficiency, safety and performance for customers worldwide.

Average Trading Volume: 1,020,533

Technical Sentiment Signal: Buy

Current Market Cap: £6.32B

See more data about IMI stock on TipRanks’ Stock Analysis page.