IMI (LON:IMI) Insider Acquires £137.28 in Stock

IMI plc (LON:IMI) insider Roy Twite acquired 6 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of GBX 2,288 per share, for a total transaction of £137.28.

Roy Twite also recently made the following trade(s):

• On Tuesday, August 12th, Roy Twite bought 7 shares of IMI stock. The stock was acquired at an average cost of GBX 2,278 per share, for a total transaction of £159.46.
• On Tuesday, July 8th, Roy Twite bought 7 shares of IMI stock. The shares were acquired at an average price of GBX 2,082 per share, with a total value of £145.74.

IMI Stock Performance

LON IMI opened at GBX 2,288 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. IMI plc has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,330. The business’s 50-day moving average price is GBX 2,227.45 and its 200 day moving average price is GBX 2,023.57. The firm has a market cap of £5.63 billion, a P/E ratio of 2,452.30, a P/E/G ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI) last released its earnings results on Friday, August 1st. The company reported GBX 56.10 earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, equities research analysts expect that IMI plc will post 137.9737609 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IMI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on IMI from GBX 2,250 to GBX 2,625 and gave the company a “buy” rating in a research note on Friday, August 1st. Jefferies Financial Group increased their price target on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Berenberg Bank lifted their price target on shares of IMI from GBX 2,300 to GBX 2,550 and gave the company a “buy” rating in a report on Wednesday, August 6th. Peel Hunt restated a “buy” rating and set a GBX 2,450 price objective on shares of IMI in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on IMI from GBX 2,500 to GBX 2,850 and gave the company an “overweight” rating in a report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, IMI has a consensus rating of “Buy” and an average price target of GBX 2,575.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.