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IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc has continued its share buyback activity, repurchasing 102,656 ordinary shares on 27 April 2026 via J.P. Morgan Securities at an average price of 2,886.7978 pence, with the shares being cancelled. Following the transaction, IMI’s share capital will consist of 254,408,710 shares in issue, of which 12,648,836 are held in treasury, leaving 241,759,874 voting rights and signalling an ongoing effort to optimise its capital structure and enhance shareholder value.
The latest repurchase, executed primarily on the London Stock Exchange, marginally reduces the company’s free float and can provide earnings-per-share accretion for remaining investors. The move underscores management’s confidence in IMI’s valuation and cash generation and may support the stock’s trading performance by tightening the share base 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 (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 industrial engineering group that designs and manufactures specialist flow control and motion control components for sectors such as energy, transportation and industrial automation. The company focuses on high-value, engineered solutions and returns excess capital to shareholders through dividends and share buyback programmes.
Average Trading Volume: 1,328,976
Technical Sentiment Signal: Buy
Current Market Cap: £6.93B
For an in-depth examination of IMI stock, go to TipRanks’ Overview page.