Insider Buying: IMI (LON:IMI) Insider Buys 5 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite bought 5 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was acquired at an average cost of GBX 2,618 per share, for a total transaction of £130.90.

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

• On Tuesday, December 9th, Roy Twite purchased 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,476 per share, with a total value of £148.56.
• On Tuesday, November 11th, Roy Twite acquired 6 shares of IMI stock. The stock was acquired at an average price of GBX 2,486 per share, for a total transaction of £149.16.

IMI Stock Performance

Shares of LON:IMI traded down GBX 14 on Wednesday, reaching GBX 2,608. The company’s stock had a trading volume of 965,343 shares, compared to its average volume of 1,653,091. IMI plc has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,655.60. The stock has a market capitalization of £6.42 billion, a P/E ratio of 27.95, a PEG ratio of 1.12 and a beta of 1.08. The stock’s 50-day moving average is GBX 2,472.54 and its two-hundred day moving average is GBX 2,331.57. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IMI. Berenberg Bank increased their price objective on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada cut shares of IMI to a “sector perform” rating and boosted their price objective for the company from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, 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. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average 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.