IMI plc tightens share base with latest buyback on London market

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

IMI plc has executed a further share buyback, purchasing 103,920 ordinary shares on 17 April 2026 at an average price of 2,862.1604 pence per share for cancellation, as part of its ongoing capital management strategy. Following the cancellation, IMI will have 255,029,527 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 242,380,691 voting rights outstanding, a move that marginally enhances earnings per share and signals continued confidence in the company’s prospects.

The repurchase, carried out via J.P. Morgan Securities on the London Stock Exchange, further reduces IMI’s free float and returns surplus capital to shareholders in line with prevailing market practice among large UK industrials. For investors, the reduced share count and continued use of buybacks underscore the group’s focus on shareholder returns and balance sheet efficiency, while modestly concentrating ownership and voting power among remaining shareholders.

The most recent analyst rating on (GB:IMI) stock is a Buy with a £32.30 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 flow control and motion control technologies for industrial customers worldwide. The company serves sectors such as energy, transportation, and manufacturing, focusing on highly engineered components and systems that improve efficiency, safety, and sustainability in critical industrial processes.

Average Trading Volume: 1,295,667

Technical Sentiment Signal: Buy

Current Market Cap: £6.79B

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