IMI (LON:IMI) Insider Roy Twite Buys 6 Shares

Key Points

• Roy Twite, an insider at IMI plc, purchased 6 shares of the company's stock at an average price of GBX 2,288 per share, totaling £137.28.
• IMI plc's shares recently traded up 0.4% to GBX 2,274, with a market cap of £5.60 billion and a price-to-earnings ratio of 2,437.30.
• Equities analysts have a consensus "Buy" rating for IMI shares, with price targets ranging from GBX 2,450 to GBX 2,850, indicating strong growth expectations.

IMI plc (LON:IMI - Get Free Report) insider Roy Twite acquired 6 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average cost of GBX 2,288 per share, for a total transaction of £137.28.

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

• On Tuesday, August 12th, Roy Twite acquired 7 shares of IMI stock. The stock was acquired at an average cost of GBX 2,278 per share, for a total transaction of £159.46.
• On Tuesday, July 8th, Roy Twite acquired 7 shares of IMI stock. The stock was acquired at an average cost of GBX 2,082 per share, for a total transaction of £145.74.

IMI Stock Performance

Shares of IMI stock traded down GBX 2 during trading hours on Monday, hitting GBX 2,286. The company's stock had a trading volume of 1,145,592 shares, compared to its average volume of 1,335,208. The company has a 50 day moving average of GBX 2,227.45 and a 200 day moving average of GBX 2,025.39. The stock has a market cap of £5.63 billion, a PE ratio of 2,450.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. IMI plc has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 2,330.

IMI (LON:IMI - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. On average, sell-side analysts forecast that IMI plc will post 137.9737609 EPS for the current fiscal year.

Analyst Ratings Changes

IMI has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on shares of IMI from GBX 2,300 to GBX 2,475 and gave the stock an "outperform" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of IMI from GBX 2,500 to GBX 2,850 and gave the company an "overweight" rating in a research note on Tuesday, August 19th. Jefferies Financial Group lifted their price target on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of IMI from GBX 2,250 to GBX 2,625 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Berenberg Bank boosted 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. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 2,575.

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.