IMI plc (IMI) Insider Purchases £125.40 in Stock
IMI plc (LON:IMI) insider Mark W. Selway purchased 10 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were purchased at an average cost of GBX 1,254 ($16.88) per share, with a total value of £125.40 ($168.78).
IMI plc (LON IMI) remained flat at $GBX 1,255 ($16.89) on Wednesday. 229,667 shares of the stock were exchanged, compared to its average volume of 633,512. IMI plc has a 1-year low of GBX 991 ($13.34) and a 1-year high of GBX 1,325 ($17.83).
A number of research firms recently commented on IMI. Deutsche Bank lifted their price objective on IMI from GBX 1,170 ($15.75) to GBX 1,285 ($17.29) and gave the stock a “hold” rating in a research report on Friday, November 10th. Peel Hunt lifted their price objective on IMI from GBX 1,200 ($16.15) to GBX 1,250 ($16.82) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Barclays reiterated an “overweight” rating and set a GBX 1,428 ($19.22) price objective on shares of IMI in a research report on Thursday, August 17th. Numis Securities cut IMI to a “reduce” rating and set a GBX 1,125 ($15.14) price objective for the company. in a research report on Tuesday, December 5th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 1,315 ($17.70) price objective on shares of IMI in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,288.58 ($17.34).
IMI plc is a United Kingdom-based specialized engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments.
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