Insider Buying: IMI (LON:IMI) Insider Buys 5 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite purchased 5 shares of IMI stock in a transaction dated Tuesday, March 10th. The stock was bought at an average cost of GBX 2,790 per share, for a total transaction of £139.50.

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

• On Tuesday, February 10th, Roy Twite acquired 6 shares of IMI stock. The stock was bought at an average price of GBX 2,854 per share, for a total transaction of £171.24.
• On Tuesday, January 13th, Roy Twite bought 5 shares of IMI stock. The stock was bought at an average price of GBX 2,618 per share, with a total value of £130.90.

IMI Trading Down 0.6%

LON IMI traded down GBX 18 on Wednesday, reaching GBX 2,758. The stock had a trading volume of 1,013,543 shares, compared to its average volume of 3,804,012. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The stock has a fifty day moving average price of GBX 2,744.86 and a two-hundred day moving average price of GBX 2,499.27. IMI plc has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 3,848. The firm has a market capitalization of £6.79 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.12 and a beta of 1.05.

IMI (LON:IMI) last issued its quarterly earnings data on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. As a group, sell-side analysts forecast that IMI plc will post 137.9737609 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IMI shares. Panmure Gordon reissued a “buy” rating and set a GBX 2,760 price target on shares of IMI in a research report on Tuesday, November 25th. JPMorgan Chase & Co. upped their target price on shares of IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,670.71.

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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.