IMI plc ( (GB:IMI) ) just unveiled an announcement.
IMI plc announced the purchase and cancellation of 125,000 of its ordinary shares at an average price of 1,777.0597 pence per share on April 25, 2025. This corrective announcement updates the company’s total number of shares in issue and voting rights, which are now 266,019,350 and 253,370,514 respectively, reflecting the company’s ongoing share buyback program.
Spark’s Take on GB:IMI Stock
According to Spark, TipRanks’ AI Analyst, GB:IMI is a Outperform.
IMI plc shows strong financial performance and positive corporate actions such as share buybacks, indicating good long-term prospects. However, the technical analysis suggests caution due to potential short-term weakness, and the valuation appears slightly elevated, potentially limiting immediate upside potential. The company is fundamentally sound but faces challenges in market conditions.
To see Spark’s full report on GB:IMI stock, click here.
More about IMI plc
YTD Price Performance: -1.82%
Average Trading Volume: 685,229
Technical Sentiment Signal: Sell
Current Market Cap: £4.46B
See more insights into IMI stock on TipRanks’ Stock Analysis page.