IMI Reduces Share Count with Further Buyback of 104,155 Shares

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

IMI plc has continued its share buyback activity, purchasing 104,155 of its own ordinary shares on 15 April 2026 for cancellation at an average price of 2,829.7642 pence per share. Following this latest tranche, the company’s total shares in issue will fall to 255,239,399, with 12,648,836 held in treasury, leaving 242,590,563 voting rights outstanding.

The transactions, executed on the London Stock Exchange and BATS by J.P. Morgan Securities, form part of IMI’s broader capital management programme aimed at reducing its share count and returning surplus capital to investors. The move marginally enhances earnings per share for remaining shareholders and underscores ongoing management confidence in the group’s financial position and long-term prospects.

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 specialising in flow control technologies and precision engineering solutions for industrial applications. Its operations focus on providing critical components and systems to sectors such as energy, industrial automation and process industries, where reliability and efficiency are key purchasing criteria.

Average Trading Volume: 1,295,667

Technical Sentiment Signal: Buy

Current Market Cap: £6.79B

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