IMI plc Reduces Share Count with Latest Buyback on London Stock Exchange

IMI plc ( (GB:IMI) ) has shared an announcement.

IMI plc has continued its share buyback activity, purchasing 102,817 ordinary shares on 22 April 2026 via J.P. Morgan Securities at an average price of 2,872.8082 pence, with the stock bought entirely on the London Stock Exchange. These shares are being cancelled as part of the company’s capital management strategy, which typically aims to enhance earnings per share and signal confidence in future performance.

Following cancellation, IMI’s total shares in issue will fall to 254,719,610, of which 12,648,836 are held in treasury, leaving 242,070,774 voting rights outstanding. The reduced free-float and tighter share base may marginally improve per-share metrics and could support the share price, while also refining the company’s ownership structure for existing investors.

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 U.K.-listed engineering group focused on specialist flow control technologies and highly engineered products for industrial and energy markets. The company serves a global customer base across sectors such as process automation, power generation, and other mission-critical industrial applications.

Average Trading Volume: 1,319,274

Technical Sentiment Signal: Buy

Current Market Cap: £6.93B

Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.