Insider Buying: IMI plc (LON:IMI) Insider Buys 1,046 Shares of Stock

IMI plc (LON:IMI - Get Free Report) insider Jackie Callaway purchased 1,046 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average cost of GBX 1,971 ($26.66) per share, for a total transaction of £20,616.66 ($27,890.50).

IMI Price Performance

LON:IMI traded up GBX 2.96 ($0.04) during mid-day trading on Friday, reaching GBX 1,988.96 ($26.91). The stock had a trading volume of 482,013 shares, compared to its average volume of 1,449,633. The stock has a market capitalization of £5.04 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.12 and a beta of 1.08. The firm has a 50 day moving average price of GBX 1,825.49 and a two-hundred day moving average price of GBX 1,872.02. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. IMI plc has a one year low of GBX 1,555.96 ($21.05) and a one year high of GBX 2,090 ($28.27).

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on IMI from GBX 2,250 ($30.44) to GBX 2,400 ($32.47) and gave the stock an "outperform" rating in a research note on Monday, March 3rd.

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.