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An announcement from IMI plc ( (GB:IMI) ) is now available.
IMI plc announced the purchase and cancellation of 121,151 of its ordinary shares at an average price of 2,051.5418 pence per share. This transaction reduces the total number of ordinary shares in issue to 261,276,653, with 12,648,836 shares held in treasury, impacting the total number of voting rights to 248,627,817.
The most recent analyst rating on (GB:IMI) stock is a Buy with a £2315.00 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 GB:IMI Stock
According to Spark, TipRanks’ AI Analyst, GB:IMI is a Outperform.
IMI plc demonstrates strong financial performance with robust cash flows and stable balance sheet, supported by positive corporate events such as share buybacks. However, valuation concerns due to a high P/E ratio slightly dampen the outlook. The stock’s technical indicators suggest stable momentum, contributing to a solid overall stock score.
To see Spark’s full report on GB:IMI stock, click here.
More about IMI plc
Average Trading Volume: 820,284
Technical Sentiment Signal: Buy
Current Market Cap: £5.02B
For an in-depth examination of IMI stock, go to TipRanks’ Overview page.