Roy Twite Buys 5 Shares of IMI (LON:IMI) Stock

IMI plc (LON:IMI) insider Roy Twite acquired 5 shares of IMI stock in a transaction that occurred on Tuesday, July 14th. The shares were purchased at an average cost of GBX 2,826 per share, with a total value of £141.30.

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

• On Tuesday, June 9th, Roy Twite bought 5 shares of IMI stock. The stock was purchased at an average cost of GBX 2,854 per share, for a total transaction of £142.70.
• On Tuesday, May 12th, Roy Twite purchased 6 shares of IMI stock. The shares were purchased at an average price of GBX 2,786 per share, with a total value of £167.16.

IMI Stock Up 0.3%

LON:IMI traded up GBX 10 during mid-day trading on Wednesday, reaching GBX 2,872. The stock had a trading volume of 565,314 shares, compared to its average volume of 10,416,103. The stock has a market cap of £6.80 billion, a P/E ratio of 23.20, a PEG ratio of 1.12 and a beta of 1.05. The business’s 50 day moving average is GBX 2,836.67 and its 200 day moving average is GBX 2,764.34. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. IMI plc has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IMI shares. JPMorgan Chase & Co. upped their target price on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 3,250 price objective on shares of IMI in a research note on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, IMI has an average rating of “Moderate Buy” and a consensus target price of GBX 2,808.57.

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.