Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
IMI plc ( (GB:IMI) ) has shared an announcement.
IMI plc has repurchased 114,000 of its ordinary shares on 16 March 2026 via J.P. Morgan Securities at an average price of 2,664.7579 pence per share, with the shares bought for cancellation. Following settlement and cancellation, IMI’s total shares in issue will stand at 259,000,344, of which 12,648,836 are held in treasury, leaving 246,351,508 voting rights outstanding.
The latest buyback tranche forms part of IMI’s ongoing capital management strategy, incrementally reducing the free-float share count and potentially enhancing earnings per share over time. The adjustment to voting rights will be relevant for investors tracking index weightings and governance thresholds, while underscoring management’s continued use of balance sheet capacity to return capital to shareholders.
The most recent analyst rating on (GB:IMI) stock is a Hold with a £2925.00 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 (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 IMI stock, click here.
More about IMI plc
IMI plc is a UK-listed engineering group focused on specialist flow control technologies for industrial applications. The company designs and manufactures highly engineered valves, actuators, and related systems used across energy, process, and broader industrial markets worldwide.
Average Trading Volume: 892,572
Technical Sentiment Signal: Buy
Current Market Cap: £6.56B
Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.