IMI plc (LON:IMI) insider Mark W. Selway purchased 13 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average cost of GBX 976 ($12.75) per share, for a total transaction of £126.88 ($165.79).
Shares of LON IMI opened at GBX 977.20 ($12.77) on Friday. The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 80.56. IMI plc has a 52 week low of GBX 867.50 ($11.34) and a 52 week high of GBX 1,268 ($16.57). The firm has a market capitalization of $2.64 billion and a P/E ratio of 15.66.
Several research analysts have commented on IMI shares. Peel Hunt reissued an “add” rating on shares of IMI in a research note on Thursday, May 9th. Numis Securities reissued an “add” rating and set a GBX 1,100 ($14.37) price target on shares of IMI in a research note on Friday, March 1st. Deutsche Bank reissued a “buy” rating on shares of IMI in a research note on Friday, March 15th. HSBC decreased their target price on shares of IMI from GBX 1,350 ($17.64) to GBX 1,225 ($16.01) and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Goldman Sachs Group raised shares of IMI to a “buy” rating and lifted their target price for the stock from GBX 950 ($12.41) to GBX 1,180 ($15.42) in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. IMI has an average rating of “Hold” and an average price target of GBX 1,078.33 ($14.09).
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IMI plc designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Critical Engineering, IMI Precision Engineering, and IMI Hydronic Engineering. The IMI Critical Engineering division offers flow control solutions. It provides valve and actuator systems to LNG compression facilities; integrated flow control systems for fluid catalytic cracking application; valves into ethylene, polypropylene, and delayed coking production processes; actuation systems to operate industrial valves; and turbine by-pass valves for power plants.
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