IMI (LON:IMI) Insider Ajai Puri Acquires 1,000 Shares of Stock

IMI plc (LON:IMI) insider Ajai Puri acquired 1,000 shares of IMI stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of GBX 2,235 per share, with a total value of £22,350.

IMI Price Performance

Shares of IMI stock opened at GBX 2,260 on Friday. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. IMI plc has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 2,330. The firm has a fifty day moving average price of GBX 2,254.44 and a two-hundred day moving average price of GBX 2,042.88. The company has a market cap of £5.56 billion, a PE ratio of 2,422.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI) last released its earnings results on Friday, August 1st. The company reported GBX 56.10 earnings per share for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. Analysts expect that IMI plc will post 137.9737609 EPS for the current year.

Wall Street Analysts Forecast Growth

IMI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on IMI from GBX 2,250 to GBX 2,625 and gave the stock a “buy” rating in a research report on Friday, August 1st. Berenberg Bank raised their target price on IMI from GBX 2,300 to GBX 2,550 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada raised their price objective on shares of IMI from GBX 2,300 to GBX 2,475 and gave the stock an “outperform” rating in a report on Friday, August 1st. Jefferies Financial Group raised their price objective on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,450 price objective on shares of IMI in a report on Friday, August 1st. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, IMI currently has an average rating of “Buy” and an average target price of GBX 2,575.

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.