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An announcement from IMI plc ( (GB:IMI) ) is now available.
IMI plc has repurchased 213,500 of its ordinary shares for cancellation on 13 April 2026, at a volume-weighted average price of 2,795.4316 pence, as part of its ongoing buyback activity executed through J.P. Morgan Securities. Following settlement and cancellation, IMI’s total shares in issue will stand at 255,554,898, with 12,648,836 held in treasury, leaving 242,906,062 voting rights outstanding, a move that marginally enhances earnings per share and tightens the company’s free float for investors.
The transactions were conducted across the London Stock Exchange and BATS Europe, reflecting IMI’s use of multiple venues to complete its repurchase programme efficiently. The adjustment to the share count and voting rights underscores the group’s continued focus on shareholder returns and balance-sheet optimisation, which may support its market valuation and appeal to income and value-focused 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 U.K.-listed engineering group focused on specialist flow control technologies and related industrial products for sectors such as energy, transportation, and manufacturing. The company’s shares trade on the London Stock Exchange, and it actively manages its capital structure through share buyback and treasury share programmes.
Average Trading Volume: 1,223,939
Technical Sentiment Signal: Buy
Current Market Cap: £6.83B
Find detailed analytics on IMI stock on TipRanks’ Stock Analysis page.