IMI (LON:IMI) Insider Luke Grant Purchases 5 Shares

IMI plc (LON:IMI) insider Luke Grant acquired 5 shares of IMI stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average price of GBX 2,854 per share, with a total value of £142.70.

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

• On Tuesday, January 13th, Luke Grant bought 6 shares of IMI stock. The stock was acquired at an average price of GBX 2,618 per share, for a total transaction of £157.08.
• On Tuesday, December 9th, Luke Grant purchased 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,476 per share, with a total value of £148.56.

IMI Stock Performance

Shares of IMI traded up GBX 44 during trading hours on Wednesday, reaching GBX 2,896. 857,890 shares of the company’s stock traded hands, compared to its average volume of 4,800,474. IMI plc has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 2,920. The business’s fifty day simple moving average is GBX 2,597.15 and its two-hundred day simple moving average is GBX 2,415.94. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The firm has a market capitalization of £7.13 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.12 and a beta of 1.08.

Wall Street Analysts Forecast Growth

IMI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Berenberg Bank upped their target price on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,760 price target on shares of IMI in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada cut IMI to a “sector perform” rating and lifted their price target for the company from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,670.71.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.