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IMI plc ( (GB:IMI) ) has provided an announcement.
IMI plc has continued its capital management programme by repurchasing 108,500 of its own ordinary shares on 12 March 2026 via J.P. Morgan Securities at an average price of 2,762.5731 pence per share, with the shares to be cancelled. Following settlement and cancellation, IMI will have 259,222,712 ordinary shares in issue, of which 12,648,836 are held in treasury, leaving 246,573,876 voting rights outstanding, a move that marginally concentrates existing shareholders’ ownership and may support earnings per share over time.
The transaction, executed primarily on the London Stock Exchange, reflects ongoing use of share buybacks as a tool to deploy capital and adjust the company’s equity base. By reducing the free float and overall share count, IMI signals confidence in its balance sheet strength and future cash generation, while providing incremental value to remaining investors through a slightly higher proportional claim on future distributions and profits.
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 GB:IMI Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB: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. The company serves sectors such as energy, transportation, industrial automation and process industries, focusing on mission-critical applications where performance, safety and reliability are key purchase drivers.
Average Trading Volume: 869,222
Technical Sentiment Signal: Buy
Current Market Cap: £6.8B
For detailed information about IMI stock, go to TipRanks’ Stock Analysis page.