IMI plc (LON:IMI) insider Roy Twite acquired 11 shares of the stock in a transaction dated Tuesday, October 11th. The shares were bought at an average cost of GBX 1,102 ($13.64) per share, with a total value of £121.22 ($150.02).
Shares of IMI plc (LON:IMI) opened at 1072.00 on Friday. The company’s 50-day moving average is GBX 1,080.46 and its 200 day moving average is GBX 1,012.48. IMI plc has a 1-year low of GBX 717.00 and a 1-year high of GBX 1,138.00. The firm’s market cap is GBX 2.90 billion.
The company also recently announced a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 11th were paid a GBX 14 ($0.17) dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.31%.
Several brokerages have recently issued reports on IMI. HSBC cut shares of IMI plc to a “hold” rating and set a GBX 1,000 ($12.38) price objective for the company. in a research note on Thursday, June 30th. JPMorgan Chase & Co. lifted their target price on shares of IMI plc from GBX 880 ($10.89) to GBX 990 ($12.25) and gave the company a “neutral” rating in a report on Monday, August 1st. Credit Suisse Group AG started coverage on shares of IMI plc in a report on Tuesday, September 20th. They set a “neutral” rating and a GBX 1,020 ($12.62) target price on the stock. Numis Securities Ltd restated a “hold” rating and set a GBX 1,000 ($12.38) target price on shares of IMI plc in a report on Friday, August 12th. Finally, BNP Paribas restated a “neutral” rating and set a GBX 1,000 ($12.38) target price on shares of IMI plc in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. IMI plc currently has an average rating of “Hold” and a consensus price target of GBX 957.65 ($11.85).
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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