IMI plc (LON:IMI) insider Roy Twite bought 11 shares of the stock in a transaction on Tuesday, October 11th. The shares were bought at an average price of GBX 1,102 ($13.64) per share, with a total value of £121.22 ($150.02).

IMI plc (LON:IMI) traded down 1.91% during midday trading on Wednesday, hitting GBX 1077.00. The stock had a trading volume of 690,928 shares. The stock’s market cap is GBX 2.92 billion. IMI plc has a 12 month low of GBX 717.00 and a 12 month high of GBX 1,138.00. The stock has a 50 day moving average of GBX 1,080.22 and a 200 day moving average of GBX 1,011.60.

Insider Buying and Selling by Quarter for IMI plc (LON:IMI)

The business also recently declared a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 11th were given a GBX 14 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.31%.

Several brokerages have recently commented on IMI. Morgan Stanley increased their price objective on IMI plc from GBX 970 ($12.00) to GBX 1,080 ($13.37) and gave the company an “equal weight” rating in a report on Friday, August 5th. Barclays PLC reiterated an “equal weight” rating and set a GBX 895 ($11.08) price objective on shares of IMI plc in a report on Monday, August 1st. HSBC lowered IMI plc to a “hold” rating and set a GBX 1,000 ($12.38) price objective for the company. in a report on Thursday, June 30th. Societe Generale reiterated a “hold” rating and set a GBX 1,000 ($12.38) price objective on shares of IMI plc in a report on Monday, August 1st. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 1,000 ($12.38) price objective on shares of IMI plc in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 957.65 ($11.85).

IMI plc Company Profile

IMI plc is a United Kingdom-based specialist engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.

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