IMI (LON:IMI) Insider Roy Twite Purchases 7 Shares

Key Points

• Insider Roy Twite recently purchased 7 shares of IMI plc at an average price of GBX 2,276 per share, totaling £159.32.
• IMI's stock has shown significant price growth, currently trading at GBX 2,312, with analysts setting price targets as high as GBX 2,850.
• The company reported GBX 56.10 earnings per share for the last quarter, with a net margin of 11.46% and a return on equity of 23.85%.

IMI plc (LON:IMI - Get Free Report) insider Roy Twite purchased 7 shares of the business's stock in a transaction dated Tuesday, October 14th. The shares were purchased at an average price of GBX 2,276 per share, for a total transaction of £159.32.

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

• On Tuesday, September 9th, Roy Twite purchased 6 shares of IMI stock. The stock was bought at an average cost of GBX 2,288 per share, with a total value of £137.28.
• On Tuesday, August 12th, Roy Twite acquired 7 shares of IMI stock. The stock was acquired at an average price of GBX 2,278 per share, with a total value of £159.46.

IMI Price Performance

IMI traded up GBX 12 during midday trading on Wednesday, hitting GBX 2,312. The company had a trading volume of 4,229,117 shares, compared to its average volume of 1,360,238. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The company has a market capitalization of £5.69 billion, a PE ratio of 2,478.03, a P/E/G ratio of 1.12 and a beta of 1.08. IMI plc has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 2,355.36. The firm's 50-day simple moving average is GBX 2,282.29 and its 200-day simple moving average is GBX 2,071.40.

IMI (LON:IMI - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported GBX 56.10 earnings per share for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. Equities research analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Peel Hunt reissued a "buy" rating and issued a GBX 2,450 target price on shares of IMI in a research report on Friday, August 1st. Berenberg Bank upped their price objective on shares of IMI from GBX 2,300 to GBX 2,550 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of IMI from GBX 2,250 to GBX 2,625 and gave the stock a "buy" rating in a research report on Friday, August 1st. Jefferies Financial Group boosted their target price on IMI from GBX 2,490 to GBX 2,500 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on IMI from GBX 2,500 to GBX 2,850 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 2,579.17.

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.

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