Insider Buying: IMI (LON:IMI) Insider Acquires £149.16 in Stock

IMI plc (LON:IMI) insider Roy Twite acquired 6 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were bought at an average cost of GBX 2,486 per share, with a total value of £149.16.

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

• On Tuesday, October 14th, Roy Twite purchased 7 shares of IMI stock. The shares were bought at an average cost of GBX 2,276 per share, with a total value of £159.32.
• On Tuesday, September 9th, Roy Twite purchased 6 shares of IMI stock. The shares were purchased at an average price of GBX 2,288 per share, with a total value of £137.28.

IMI Stock Down 0.8%

IMI stock opened at GBX 2,461.18 on Friday. The company has a market capitalization of £6.06 billion, a P/E ratio of 26.38, a PEG ratio of 1.12 and a beta of 1.08. The firm has a 50 day simple moving average of GBX 2,333.83 and a 200-day simple moving average of GBX 2,177.10. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. IMI plc has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 2,572.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IMI shares. Peel Hunt reiterated a “buy” rating and issued a GBX 2,450 target price on shares of IMI in a research report on Friday, August 1st. Royal Bank Of Canada lowered shares of IMI to a “sector perform” rating and raised their price objective for the company from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target 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. JPMorgan Chase & Co. upped their price objective on IMI from GBX 2,500 to GBX 2,850 and gave the company an “overweight” rating in a report on Tuesday, August 19th. Finally, Berenberg Bank lifted their target price on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a report on Thursday, November 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,637.50.

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.