Insider Buying: IMI (LON:IMI) Insider Acquires £154.50 in Stock

IMI plc (LON:IMI) insider Roy Twite acquired 5 shares of IMI stock in a transaction dated Tuesday, September 8th. The shares were bought at an average cost of GBX 3,090 per share, with a total value of £154.50.

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

• On Tuesday, August 11th, Roy Twite acquired 5 shares of IMI stock. The stock was bought at an average price of GBX 3,098 per share, with a total value of £154.90.
• On Tuesday, July 14th, Roy Twite bought 5 shares of IMI stock. The shares were bought at an average price of GBX 2,826 per share, for a total transaction of £141.30.

IMI Stock Up 1.3%

IMI stock opened at GBX 3,036 on Friday. The company has a market capitalization of £7.18 billion, a PE ratio of 22.37, a PEG ratio of 1.12 and a beta of 1.04. IMI plc has a 12-month low of GBX 1,802.19 and a 12-month high of GBX 3,848. The firm’s fifty day moving average is GBX 3,008.51 and its 200 day moving average is GBX 2,866.36. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. As a group, sell-side analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on IMI shares. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,850 target price on shares of IMI in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,300 price target on shares of IMI in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 price target on shares of IMI in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 3,171.67.

IMI Company Profile

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.