IMI (LON:IMI) Insider Acquires 5 Shares

IMI plc (LON:IMI) insider Luke Grant bought 5 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of GBX 3,098 per share, with a total value of £154.90.

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

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

IMI Price Performance

Shares of LON IMI traded up GBX 26 during trading on Wednesday, reaching GBX 3,150. The company had a trading volume of 578,954 shares, compared to its average volume of 9,347,396. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. IMI plc has a twelve month low of GBX 1,802.19 and a twelve month high of GBX 3,848. The stock has a 50-day moving average price of GBX 2,937.27 and a two-hundred day moving average price of GBX 2,825.49. The stock has a market capitalization of £7.48 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

IMI has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a report on Friday, July 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

IMI Company Profile

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.