IMI (LON:IMI) Insider Acquires 5 Shares

IMI plc (LON:IMI) insider Roy Twite bought 5 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of GBX 3,098 per share, for a total transaction of £154.90.

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

• On Tuesday, July 14th, Roy Twite purchased 5 shares of IMI stock. The stock was bought at an average price of GBX 2,826 per share, with a total value of £141.30.
• On Tuesday, June 9th, Roy Twite acquired 5 shares of IMI stock. The shares were bought at an average price of GBX 2,854 per share, for a total transaction of £142.70.

IMI Stock Up 0.8%

Shares of LON IMI traded up GBX 26 during trading hours on Wednesday, hitting GBX 3,150. The company had a trading volume of 578,954 shares, compared to its average volume of 9,347,396. The stock has a market capitalization of £7.48 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30. IMI plc has a 1-year low of GBX 1,802.19 and a 1-year high of GBX 3,848. The firm’s 50 day moving average is GBX 2,937.27 and its 200-day moving average is GBX 2,825.49.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, analysts expect that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on IMI. Berenberg Bank restated a “buy” rating and issued a GBX 3,300 price objective on shares of IMI in a research note on Wednesday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,850 target price on shares of IMI in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,380 price target on shares of IMI in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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.