Insider Buying: IMI (LON:IMI) Insider Buys £153.90 in Stock

IMI plc (LON:IMI) insider Roy Twite purchased 5 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The shares were acquired at an average cost of GBX 3,078 per share, for a total transaction of £153.90.

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

• On Tuesday, September 8th, Roy Twite acquired 5 shares of IMI stock. The stock was acquired at an average cost of GBX 3,090 per share, with a total value of £154.50.
• On Tuesday, August 11th, Roy Twite acquired 5 shares of IMI stock. The stock was acquired at an average cost of GBX 3,098 per share, with a total value of £154.90.

IMI Trading Up 1.0%

Shares of LON IMI opened at GBX 2,980 on Friday. IMI plc has a one year low of GBX 1,802.19 and a one year high of GBX 3,848. The firm has a market capitalization of £7.00 billion, a PE ratio of 21.96, a PEG ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The business has a 50-day moving average price of GBX 3,073.09 and a two-hundred day moving average price of GBX 2,925.21.

IMI (LON:IMI) last released its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. As a group, analysts predict that IMI plc will post 137.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IMI. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,850 target price on shares of IMI in a research report on Friday, July 31st. Berenberg Bank reissued a “buy” rating and set a GBX 3,300 target price on shares of IMI in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 3,380 price target on shares of IMI in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, IMI currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.