Insider Buying: IMI (LON:IMI) Insider Acquires £154.90 in Stock

IMI plc (LON:IMI) insider Roy Twite acquired 5 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of GBX 3,098 per share, with a total value of £154.90.

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

• On Tuesday, July 14th, Roy Twite bought 5 shares of IMI stock. The stock was purchased at an average cost of GBX 2,826 per share, for a total transaction of £141.30.
• 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.

IMI Trading Down 0.5%

Shares of LON:IMI opened at GBX 3,072 on Friday. IMI plc has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848. The company has a market capitalization of £7.29 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company has a 50-day simple moving average of GBX 2,954.76 and a 200 day simple moving average of GBX 2,832.69. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. Sell-side analysts forecast that IMI plc will post 137.9737609 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,850 price target on shares of IMI in a report on Friday, July 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, IMI currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,171.67.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.