Insider Buying: IMI (LON:IMI) Insider Purchases £99,907.84 in Stock

IMI plc (LON:IMI) insider Jamie Pike bought 3,508 shares of IMI stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of GBX 2,848 per share, with a total value of £99,907.84.

IMI Stock Down 0.7%

IMI stock opened at GBX 2,755.48 on Thursday. The stock has a market cap of £6.78 billion, a P/E ratio of 29.53, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. IMI plc has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 3,848. The company’s 50-day moving average price is GBX 2,750.21 and its two-hundred day moving average price is GBX 2,501.06.

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

Analyst Ratings Changes

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