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

IMI plc (LON:IMI) insider Luke Grant acquired 5 shares of the stock in a transaction dated Tuesday, February 10th. The stock was acquired at an average price of GBX 2,854 per share, with a total value of £142.70.

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

• On Tuesday, January 13th, Luke Grant acquired 6 shares of IMI stock. The shares were purchased at an average cost of GBX 2,618 per share, for a total transaction of £157.08.
• On Tuesday, December 9th, Luke Grant acquired 6 shares of IMI stock. The stock was purchased at an average price of GBX 2,476 per share, with a total value of £148.56.

IMI Trading Up 1.6%

Shares of IMI stock opened at GBX 2,898 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. IMI plc has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 2,918. The stock has a market capitalization of £7.14 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.12 and a beta of 1.08. The firm’s 50 day moving average is GBX 2,606.11 and its 200 day moving average is GBX 2,419.31.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Berenberg Bank lifted their target price on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research report on Thursday, November 6th. Panmure Gordon reissued a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,670.71.

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.