IMI trims share count with latest buyback on London market

IMI plc ( (GB:IMI) ) just unveiled an announcement.

IMI plc has repurchased 106,217 of its own ordinary shares on 1 May 2026 via J.P. Morgan Securities at an average price of 2,744.0830 pence per share, with prices ranging between 2,720.0000p and 2,776.0000p. The transaction forms part of its ongoing share buyback activity and reflects the company’s continued use of excess capital to manage its capital structure and return value to shareholders.

Following settlement and cancellation of the repurchased shares, IMI’s total shares in issue will fall to 253,987,004, of which 12,648,836 are held in treasury, leaving 241,338,168 voting shares outstanding. The reduced free float and tighter share count may provide incremental support to earnings per share and signals management’s confidence in the underlying business, although it slightly concentrates ownership among remaining investors.

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 highly engineered flow control and motion control products. Its solutions serve sectors such as energy, transportation, industrial automation and process industries, with a focus on improving efficiency, safety and performance in critical applications worldwide.

Average Trading Volume: 1,392,324

Technical Sentiment Signal: Buy

Current Market Cap: £6.58B

See more data about IMI stock on TipRanks’ Stock Analysis page.