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

IMI plc (LON:IMI) insider Luke Grant bought 6 shares of IMI stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average price of GBX 2,476 per share, with a total value of £148.56.

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

• On Tuesday, November 11th, Luke Grant purchased 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,486 per share, for a total transaction of £149.16.
• On Tuesday, October 14th, Luke Grant acquired 7 shares of IMI stock. The shares were acquired at an average cost of GBX 2,276 per share, with a total value of £159.32.

IMI Trading Down 0.2%

IMI opened at GBX 2,442 on Thursday. The firm has a market capitalization of £6.01 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company’s 50 day simple moving average is GBX 2,386.45 and its two-hundred day simple moving average is GBX 2,247.53. IMI plc has a 1-year low of GBX 1,555.96 and a 1-year high of GBX 2,572. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IMI. Berenberg Bank boosted their price objective 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. boosted their price target on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Royal Bank Of Canada lowered shares of IMI to a “sector perform” rating and upped their price objective for the company from GBX 2,475 to GBX 2,500 in a report on Tuesday, October 14th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,760 target price on shares of IMI in a research note on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.