IMI (LON:IMI) Insider Luke Grant Purchases 6 Shares

IMI plc (LON:IMI) insider Luke Grant purchased 6 shares of IMI stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average cost of GBX 2,486 per share, with a total value of £149.16.

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

• On Tuesday, October 14th, Luke Grant acquired 7 shares of IMI stock. The stock was acquired at an average cost of GBX 2,276 per share, for a total transaction of £159.32.
• On Tuesday, September 9th, Luke Grant bought 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,288 per share, with a total value of £137.28.
• On Thursday, August 28th, Luke Grant bought 228 shares of IMI stock. The shares were acquired at an average cost of GBX 2,280 per share, with a total value 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 transaction 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.

IMI Trading Up 1.1%

Shares of IMI stock opened at GBX 2,524 on Thursday. 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 £6.21 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.12 and a beta of 1.08. IMI plc has a 1 year low of GBX 1,555.96 and a 1 year high of GBX 2,572. The firm has a fifty day moving average price of GBX 2,324.77 and a 200-day moving average price of GBX 2,170.17.

Wall Street Analysts Forecast Growth

IMI has been the subject of several recent research reports. Berenberg Bank boosted their price target on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a report on Thursday, November 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,450 price objective on shares of IMI in a research note on Friday, August 1st. Jefferies Financial Group boosted their price objective on IMI from GBX 2,490 to GBX 2,500 and gave the company a “buy” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their target price on shares of IMI from GBX 2,500 to GBX 2,850 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Finally, Royal Bank Of Canada cut shares of IMI to a “sector perform” rating and raised their target price for the stock from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,637.50.

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.