Insider Buying: IMI (LON:IMI) Insider Acquires £141.30 in Stock

IMI plc (LON:IMI) insider Luke Grant acquired 5 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The stock was bought at an average cost of GBX 2,826 per share, with a total value of £141.30.

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

• On Tuesday, June 9th, Luke Grant bought 5 shares of IMI stock. The shares were bought at an average cost of GBX 2,854 per share, for a total transaction of £142.70.
• On Tuesday, May 12th, Luke Grant purchased 5 shares of IMI stock. The shares were bought at an average price of GBX 2,786 per share, with a total value of £139.30.

IMI Stock Up 1.0%

Shares of IMI stock opened at GBX 2,968 on Friday. IMI plc has a twelve month low of GBX 1,802.19 and a twelve month high of GBX 3,848. The stock has a market cap of £7.03 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.12 and a beta of 1.05. The stock has a 50 day moving average of GBX 2,842.06 and a 200 day moving average of GBX 2,771.84. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IMI. JPMorgan Chase & Co. boosted their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,250 target price on shares of IMI in a research note on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,808.57.

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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.