IMI (LON:IMI) Insider Buys £142.70 in Stock

IMI plc (LON:IMI) insider Luke Grant acquired 5 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was purchased at an average cost 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 acquired 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,618 per share, with a total value of £157.08.
• On Tuesday, December 9th, Luke Grant purchased 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.

IMI Stock Up 1.5%

IMI traded up GBX 44 during trading on Wednesday, hitting GBX 2,896. The company had a trading volume of 857,890 shares, compared to its average volume of 4,800,474. IMI plc has a 1-year low of GBX 1,555.96 and a 1-year high of GBX 2,920. 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 company has a market cap of £7.13 billion, a PE ratio of 31.04, a P/E/G ratio of 1.12 and a beta of 1.08. The business has a 50-day moving average of GBX 2,597.15 and a 200-day moving average of GBX 2,415.94.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IMI shares. Berenberg Bank lifted their price target on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. lifted 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. Royal Bank Of Canada lowered IMI to a “sector perform” rating and upped their price target for the company from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,760 price objective on shares of IMI in a report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.