Insider Buying: IMI plc (IMI) Insider Acquires 12 Shares of Stock

IMI plc (LON:IMI) insider Roy Twite acquired 12 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The stock was bought at an average cost of GBX 1,067 ($12.98) per share, for a total transaction of £128.04 ($155.71).

Shares of IMI plc (LON:IMI) traded up 0.75% on Wednesday, reaching GBX 1076.00. 756,814 shares of the company were exchanged. IMI plc has a 12-month low of GBX 717.00 and a 12-month high of GBX 1,138.00. The company’s 50 day moving average is GBX 1,004.14 and its 200 day moving average is GBX 1,023.91. The firm’s market capitalization is GBX 2.91 billion.

Insider Buying and Selling by Quarter for IMI plc (LON:IMI)

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Several equities research analysts recently commented on IMI shares. HSBC reaffirmed a “hold” rating and issued a GBX 1,000 ($12.16) price objective on shares of IMI plc in a research report on Monday, December 5th. Societe Generale reaffirmed a “hold” rating and issued a GBX 1,040 ($12.65) price objective (up from GBX 1,000 ($12.16)) on shares of IMI plc in a research report on Friday, November 11th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,064 ($12.94) price objective on shares of IMI plc in a research report on Friday, November 11th. Goldman Sachs Group, Inc. (The) started coverage on shares of IMI plc in a research report on Friday, January 6th. They issued a “neutral” rating and a GBX 1,000 ($12.16) price objective on the stock. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 990 ($12.04) price objective on shares of IMI plc in a research report on Friday, November 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 1,000.82 ($12.17).

About IMI plc

IMI plc is a United Kingdom-based specialist engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.

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