IMI plc shrinks share base with latest buyback tranche

IMI plc ( (GB:IMI) ) has issued an update.

IMI plc has executed a share buyback transaction, repurchasing 108,100 ordinary shares on 11 March 2026 via J.P. Morgan Securities at an average price of 2,755.4744 pence, for cancellation. Following settlement and the cancellation of these shares, IMI’s total shares in issue will be 259,331,212, of which 12,648,836 are held in treasury, leaving 246,682,376 voting shares in circulation.

The move marginally reduces the company’s share count and enhances earnings per share for remaining investors, while signalling continued capital return and balance sheet confidence from the board. By tightening the free float through ongoing buybacks, IMI is aligning with a broader trend among UK industrials using excess cash to support shareholder value rather than large-scale acquisitions.

The most recent analyst rating on (GB:IMI) stock is a Hold with a £2820.00 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.

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 GB:IMI stock, click here.

More about IMI plc

IMI plc is a UK-listed industrial engineering group that designs and manufactures highly engineered flow control and motion control products. Its technologies serve sectors such as energy, transportation, industrial automation and process industries, with a focus on improving efficiency, safety and sustainability for global customers.

Average Trading Volume: 860,475

Technical Sentiment Signal: Buy

Current Market Cap: £6.8B

Learn more about IMI stock on TipRanks’ Stock Analysis page.