IMI (LON:IMI) Insider Jamie Pike Acquires 3,508 Shares

IMI plc (LON:IMI) insider Jamie Pike purchased 3,508 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of GBX 2,848 per share, with a total value of £99,907.84.

IMI Stock Performance

LON:IMI opened at GBX 2,743 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The firm’s fifty day simple moving average is GBX 2,739.14 and its 200 day simple moving average is GBX 2,496.07. The stock has a market cap of £6.75 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. IMI plc has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 3,848.

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

Wall Street Analyst Weigh In

Several brokerages have commented on IMI. Panmure Gordon restated a “buy” rating and issued a GBX 2,760 price objective on shares of IMI in a report on Tuesday, November 25th. JPMorgan Chase & Co. increased their target price on IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Six 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, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,670.71.

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.