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

IMI plc (LON:IMI) insider Roy Twite purchased 6 shares of the stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of GBX 2,786 per share, with a total value of £167.16.

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

• On Tuesday, April 14th, Roy Twite purchased 5 shares of IMI stock. The stock was purchased at an average price of GBX 2,860 per share, with a total value of £143.
• On Tuesday, March 10th, Roy Twite purchased 5 shares of IMI stock. The stock was purchased at an average price of GBX 2,790 per share, with a total value of £139.50.

IMI Price Performance

Shares of LON IMI opened at GBX 2,688 on Wednesday. IMI plc has a twelve month low of GBX 1,802.19 and a twelve month high of GBX 3,848. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The company has a market capitalization of £6.46 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The business has a 50 day simple moving average of GBX 2,739.70 and a 200-day simple moving average of GBX 2,634.49.

IMI (LON:IMI) last issued its quarterly earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. As a group, equities research analysts expect that IMI plc will post 137.9737609 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,683.57.

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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.