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IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc has repurchased 481,000 of its ordinary shares for cancellation at an average price of 2,602.2054 pence per share, executed through J.P. Morgan Securities on 30 March 2026 across the London Stock Exchange and BATS venues. Following the cancellation, IMI’s share capital will comprise 256,619,008 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 243,970,172 voting rights outstanding, a move that marginally enhances earnings per share and signals ongoing capital returns to shareholders.
The transaction forms part of IMI’s broader share buyback activity, underlining management’s confidence in the company’s financial position and its commitment to shareholder value. The updated share count and voting rights are relevant for investors tracking ownership percentages, index weightings and future corporate actions, and reflect an incremental tightening of the company’s free float over time.
The most recent analyst rating on (GB:IMI) stock is a Hold with a £2700.00 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-based industrial engineering group focused on the design and manufacture of specialist flow control and motion control technologies. Its products serve sectors such as energy, transportation, industrial automation and process industries, where precision engineering and reliability are critical to customer operations.
Average Trading Volume: 1,020,533
Technical Sentiment Signal: Buy
Current Market Cap: £6.32B
Learn more about IMI stock on TipRanks’ Stock Analysis page.