Insider Buying: IMI (LON:IMI) Insider Purchases £154.90 in Stock

IMI plc (LON:IMI) insider Luke Grant purchased 5 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of GBX 3,098 per share, for a total transaction of £154.90.

Luke Grant also recently made the following trade(s):

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

IMI Stock Down 0.5%

Shares of IMI stock opened at GBX 3,072 on Friday. The business has a fifty day simple moving average of GBX 2,954.76 and a 200 day simple moving average of GBX 2,832.69. The stock has a market cap of £7.29 billion, a PE ratio of 22.64, 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 12 month low of GBX 1,802.19 and a 12 month high of GBX 3,848.

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

Analyst Ratings Changes

IMI has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Berenberg Bank restated a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 target price on shares of IMI in a report on Friday, July 31st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,850 price target on shares of IMI in a research report on Friday, July 31st. Five 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, the company has an average rating of “Moderate Buy” and an average 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.