IMI (LON:IMI) Insider Luke Grant Buys 6 Shares of Stock

IMI plc (LON:IMI) insider Luke Grant bought 6 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of GBX 2,288 per share, with a total value of £137.28.

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

• On Thursday, August 28th, Luke Grant acquired 228 shares of IMI stock. The stock was acquired at an average cost of GBX 2,280 per share, for a total transaction of £5,198.40.
• On Thursday, August 28th, Luke Grant sold 110 shares of IMI stock. The stock was sold at an average price of GBX 2,280, for a total value of £2,508.
• On Tuesday, August 19th, Luke Grant sold 271 shares of IMI stock. The stock was sold at an average price of GBX 2,301, for a total transaction of £6,235.71.
• On Tuesday, August 12th, Luke Grant purchased 7 shares of IMI stock. The shares were acquired at an average cost of GBX 2,278 per share, for a total transaction of £159.46.

IMI Stock Up 0.2%

LON IMI opened at GBX 2,268.59 on Thursday. IMI plc has a 12 month low of GBX 1,555.96 and a 12 month high of GBX 2,330. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The stock has a market cap of £5.59 billion, a PE ratio of 2,431.50, a P/E/G ratio of 1.12 and a beta of 1.08. The stock’s 50 day moving average is GBX 2,220.97 and its 200 day moving average is GBX 2,017.92.

IMI (LON:IMI) last released its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Research analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IMI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on IMI from GBX 2,250 to GBX 2,625 and gave the company a “buy” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their target price on shares of IMI from GBX 2,500 to GBX 2,850 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Jefferies Financial Group boosted their price target on shares of IMI from GBX 2,490 to GBX 2,500 and gave the company a “buy” rating in a report on Thursday, August 7th. Peel Hunt reiterated a “buy” rating and set a GBX 2,450 price objective on shares of IMI in a research note on Friday, August 1st. Finally, Berenberg Bank boosted their price objective on shares of IMI from GBX 2,300 to GBX 2,550 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 2,575.

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.