IMI (LON:IMI) Insider Purchases £141.30 in Stock

IMI plc (LON:IMI) insider Roy Twite bought 5 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The stock was bought at an average price of GBX 2,826 per share, with a total value of £141.30.

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

• On Tuesday, June 9th, Roy Twite bought 5 shares of IMI stock. The stock was purchased at an average cost of GBX 2,854 per share, for a total transaction of £142.70.
• On Tuesday, May 12th, Roy Twite purchased 6 shares of IMI stock. The shares were purchased at an average price of GBX 2,786 per share, for a total transaction of £167.16.

IMI Trading Up 1.0%

IMI opened at GBX 2,968 on Friday. IMI plc has a 52 week low of GBX 1,802.19 and a 52 week high of GBX 3,848. The business has a fifty day simple moving average of GBX 2,842.06 and a 200-day simple moving average of GBX 2,771.84. The firm has a market cap of £7.03 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IMI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,250 target price on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,808.57.

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.