IMI (LON:IMI) Insider Luke Grant Buys 5 Shares of Stock

IMI plc (LON:IMI) insider Luke Grant bought 5 shares of IMI stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of GBX 2,790 per share, for a total transaction of £139.50.

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

• On Tuesday, February 10th, Luke Grant purchased 5 shares of IMI stock. The shares were bought at an average cost of GBX 2,854 per share, with a total value of £142.70.
• On Tuesday, January 13th, Luke Grant acquired 6 shares of IMI stock. The stock was purchased at an average cost of GBX 2,618 per share, for a total transaction of £157.08.

IMI Trading Down 0.7%

IMI opened at GBX 2,755.48 on Thursday. The stock’s fifty day moving average is GBX 2,750.21 and its two-hundred day moving average is GBX 2,501.06. The company has a market capitalization of £6.78 billion, a P/E ratio of 29.53, a PEG ratio of 1.12 and a beta of 1.05. IMI plc has a 52 week low of GBX 1,555.96 and a 52 week high of GBX 3,848. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04.

IMI (LON:IMI) last issued its earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. Analysts forecast that IMI plc will post 137.9737609 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on IMI. Panmure Gordon restated a “buy” rating and issued a GBX 2,760 price objective on shares of IMI in a report on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price 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. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.