IMI (LON:IMI) Insider Roy Twite Acquires 5 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite bought 5 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of GBX 2,790 per share, with a total value of £139.50.

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

• On Tuesday, February 10th, Roy Twite purchased 6 shares of IMI stock. The stock was purchased at an average price of GBX 2,854 per share, for a total transaction of £171.24.
• On Tuesday, January 13th, Roy Twite acquired 5 shares of IMI stock. The stock was purchased at an average cost of GBX 2,618 per share, with a total value of £130.90.

IMI Price Performance

Shares of LON:IMI opened at GBX 2,755.48 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. IMI plc has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 3,848. The stock’s 50 day moving average is GBX 2,750.21 and its 200-day moving average is GBX 2,501.06. The firm has a market capitalization of £6.78 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.12 and a beta of 1.05.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share (EPS) for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. Sell-side analysts forecast that IMI plc will post 137.9737609 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on IMI. Panmure Gordon restated a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a report on Tuesday, November 25th. JPMorgan Chase & Co. lifted their price target 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.