IMI (LON:IMI) Insider Roy Twite Acquires 6 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite purchased 6 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of GBX 2,486 per share, with a total value of £149.16.

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

• On Tuesday, October 14th, Roy Twite acquired 7 shares of IMI stock. The shares were bought at an average price of GBX 2,276 per share, for a total transaction of £159.32.
• On Tuesday, September 9th, Roy Twite acquired 6 shares of IMI stock. The stock was bought at an average cost of GBX 2,288 per share, with a total value of £137.28.

IMI Price Performance

LON:IMI opened at GBX 2,524 on Thursday. IMI plc has a 1-year low of GBX 1,555.96 and a 1-year high of GBX 2,572. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The firm has a fifty day simple moving average of GBX 2,324.77 and a 200 day simple moving average of GBX 2,170.17. The stock has a market capitalization of £6.21 billion, a PE ratio of 27.05, a P/E/G ratio of 1.12 and a beta of 1.08.

Wall Street Analyst Weigh In

IMI has been the subject of a number of analyst reports. Royal Bank Of Canada downgraded 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 report on Tuesday, October 14th. Jefferies Financial Group lifted their price target on IMI from GBX 2,490 to GBX 2,500 and gave the stock a “buy” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on IMI from GBX 2,500 to GBX 2,850 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,450 price objective on shares of IMI in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on IMI from GBX 2,250 to GBX 2,625 and gave the stock a “buy” rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,637.50.

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.