IMI (LON:IMI) Insider Purchases £157.08 in Stock

IMI plc (LON:IMI) insider Luke Grant purchased 6 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was acquired at an average cost of GBX 2,618 per share, for a total transaction of £157.08.

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

• On Tuesday, December 9th, Luke Grant acquired 6 shares of IMI stock. The shares were bought at an average cost of GBX 2,476 per share, with a total value of £148.56.
• On Tuesday, November 11th, Luke Grant acquired 6 shares of IMI stock. The stock was bought at an average price of GBX 2,486 per share, with a total value of £149.16.

IMI Stock Up 0.3%

IMI stock opened at GBX 2,688 on Friday. The company has a market capitalization of £6.62 billion, a PE ratio of 28.81, a PEG ratio of 1.12 and a beta of 1.08. IMI plc has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 2,702. The firm’s fifty day moving average is GBX 2,485.82 and its 200 day moving average is GBX 2,339.99. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Panmure Gordon restated a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a research note on Tuesday, November 25th. Berenberg Bank raised their price objective on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada downgraded shares of 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 equities 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 an average rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

About IMI

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.