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

IMI plc (LON:IMI) insider Roy Twite acquired 6 shares of IMI stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average cost of GBX 2,854 per share, with a total value of £171.24.

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

• On Tuesday, January 13th, Roy Twite bought 5 shares of IMI stock. The stock was purchased at an average price of GBX 2,618 per share, for a total transaction of £130.90.
• On Tuesday, December 9th, Roy Twite acquired 6 shares of IMI stock. The shares were purchased at an average cost of GBX 2,476 per share, for a total transaction of £148.56.

IMI Stock Up 1.6%

IMI stock opened at GBX 2,898 on Thursday. IMI plc has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 2,918. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The firm has a market capitalization of £7.14 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 1.12 and a beta of 1.08. The company’s 50 day simple moving average is GBX 2,606.11 and its 200 day simple moving average is GBX 2,419.31.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IMI. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a report on Tuesday, November 25th. Berenberg Bank raised their price target on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,670.71.

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.