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

IMI plc (LON:IMI) insider Roy Twite bought 6 shares of IMI stock in a transaction on Tuesday, February 10th. The shares were acquired at an average price of GBX 2,854 per share, for a total transaction of £171.24.

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

• On Tuesday, January 13th, Roy Twite acquired 5 shares of IMI stock. The stock was acquired at an average price of GBX 2,618 per share, with a total value of £130.90.
• On Tuesday, December 9th, Roy Twite acquired 6 shares of IMI stock. The shares were bought at an average price of GBX 2,476 per share, for a total transaction of £148.56.

IMI Stock Up 1.5%

Shares of LON:IMI traded up GBX 44 during mid-day trading on Wednesday, reaching GBX 2,896. 857,890 shares of the stock were exchanged, compared to its average volume of 4,800,474. The company has a market cap of £7.13 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.12 and a beta of 1.08. IMI plc has a one year low of GBX 1,555.96 and a one year high of GBX 2,920. The stock’s 50 day simple moving average is GBX 2,597.15 and its 200-day simple moving average is GBX 2,415.94. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

Analysts Set New Price Targets

A number of analysts have commented on IMI shares. JPMorgan Chase & Co. increased their price target on shares of 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 reiterated a “buy” rating and issued a GBX 2,760 price objective on shares of IMI in a research note on Tuesday, November 25th. Berenberg Bank upped their target price on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut shares of IMI to a “sector perform” rating and lifted their price objective for the company from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,670.71.

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.