Roy Twite Purchases 6 Shares of IMI (LON:IMI) Stock

IMI plc (LON:IMI) insider Roy Twite purchased 6 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of GBX 2,786 per share, for a total transaction of £167.16.

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

• On Tuesday, April 14th, Roy Twite purchased 5 shares of IMI stock. The shares were acquired at an average cost of GBX 2,860 per share, for a total transaction of £143.
• On Tuesday, March 10th, Roy Twite purchased 5 shares of IMI stock. The shares were acquired at an average cost of GBX 2,790 per share, for a total transaction of £139.50.

IMI Stock Down 1.5%

LON:IMI opened at GBX 2,688 on Wednesday. The firm has a market capitalization of £6.46 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.12 and a beta of 1.05. IMI plc has a 1-year low of GBX 1,802.19 and a 1-year high of GBX 3,848. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The business’s fifty day moving average price is GBX 2,739.70 and its 200 day moving average price is GBX 2,634.49.

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price on IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,683.57.

About IMI

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.