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 dated Tuesday, April 14th. The stock was purchased at an average price of GBX 2,860 per share, with a total value of £171.60.

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

• On Tuesday, March 10th, Luke Grant bought 5 shares of IMI stock. The stock was purchased at an average price of GBX 2,790 per share, with a total value of £139.50.
• On Tuesday, February 10th, Luke Grant bought 5 shares of IMI stock. The stock was purchased at an average price of GBX 2,854 per share, with a total value of £142.70.

IMI Price Performance

Shares of IMI opened at GBX 2,810 on Thursday. The firm has a market cap of £6.82 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.12 and a beta of 1.07. The stock has a 50 day moving average of GBX 2,750.29 and a 200-day moving average of GBX 2,569.55. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. IMI plc has a 52 week low of GBX 1,657 and a 52 week high of GBX 3,848.

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,690.71.

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.