IMI plc (LON:IMI) Insider Acquires £159.46 in Stock

Key Points

• Insider Roy Twite purchased 7 shares of IMI plc stock for a total value of £159.46 at an average price of GBX 2,278 ($30.75) on August 12th.
• IMI shares have been rated positively by several analyst firms, with target prices ranging from GBX 2,475 to GBX 2,625 and a consensus rating of "Buy".
• As of the latest market data, IMI's stock opened at GBX 2,300 ($31.05) and has a market capitalization of £5.83 billion.

IMI plc (LON:IMI - Get Free Report) insider Roy Twite bought 7 shares of the stock in a transaction on Tuesday, August 12th. The stock was acquired at an average cost of GBX 2,278 ($30.88) per share, for a total transaction of £159.46 ($216.13).

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

• On Tuesday, July 8th, Roy Twite acquired 7 shares of IMI stock. The shares were purchased at an average cost of GBX 2,082 ($28.22) per share, for a total transaction of £145.74 ($197.53).
• On Tuesday, June 10th, Roy Twite acquired 8 shares of IMI stock. The shares were purchased at an average cost of GBX 2,042 ($27.68) per share, for a total transaction of £163.36 ($221.42).

IMI Trading Down 0.6%

Shares of IMI stock traded down GBX 14 ($0.19) during trading hours on Friday, hitting GBX 2,246 ($30.44). The company's stock had a trading volume of 353,071 shares, compared to its average volume of 1,258,728. IMI plc has a 12 month low of GBX 1,555.96 ($21.09) and a 12 month high of GBX 2,318 ($31.42). The stock has a 50 day moving average of GBX 2,142.42 and a 200 day moving average of GBX 1,975.98. The company has a market capitalization of £5.69 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

IMI (LON:IMI - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported GBX 56.10 ($0.76) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Analysts predict that IMI plc will post 137.9737609 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IMI shares. Deutsche Bank Aktiengesellschaft boosted their price target on IMI from GBX 2,250 ($30.50) to GBX 2,625 ($35.58) and gave the company a "buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their price target on IMI from GBX 2,300 ($31.17) to GBX 2,475 ($33.55) and gave the company an "outperform" rating in a research note on Friday, August 1st. Jefferies Financial Group boosted their price target on IMI from GBX 2,490 ($33.75) to GBX 2,500 ($33.88) and gave the company a "buy" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on IMI from GBX 2,450 ($33.21) to GBX 2,500 ($33.88) and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 2,450 ($33.21) price target on shares of IMI in a research note on Friday, August 1st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 2,516.67 ($34.11).

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.