Insider Buying: IMI (LON:IMI) Insider Acquires 6 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite bought 6 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired 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 acquired 7 shares of IMI stock. The shares were acquired at an average price of GBX 2,276 per share, with a total value of £159.32.
• On Tuesday, September 9th, Roy Twite bought 6 shares of IMI stock. The stock was bought at an average cost of GBX 2,288 per share, for a total transaction of £137.28.

IMI Stock Down 0.1%

LON IMI traded down GBX 2 during trading hours on Wednesday, hitting GBX 2,494. 1,121,165 shares of the company traded hands, compared to its average volume of 1,294,889. The stock has a market capitalization of £6.14 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 1.12 and a beta of 1.08. IMI plc has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 2,572. The business’s 50-day moving average is GBX 2,318.97 and its 200-day moving average is GBX 2,167.67. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

Analyst Ratings Changes

IMI has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on shares of IMI from GBX 2,490 to GBX 2,500 and gave the company a “buy” rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of IMI from GBX 2,250 to GBX 2,625 and gave the stock a “buy” rating in a research report on Friday, August 1st. Royal Bank Of Canada downgraded shares of IMI to a “sector perform” rating and upped their price objective for the company from GBX 2,475 to GBX 2,500 in a report on Tuesday, October 14th. Berenberg Bank raised their target price on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of IMI from GBX 2,500 to GBX 2,850 and gave the company an “overweight” rating in a report on Tuesday, August 19th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, IMI has a consensus rating of “Moderate Buy” and an average 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.