Insider Buying: IMI (LON:IMI) Insider Purchases 5 Shares of Stock

IMI plc (LON:IMI) insider Luke Grant acquired 5 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average cost of GBX 2,854 per share, for a total transaction of £142.70.

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

• On Tuesday, May 12th, Luke Grant bought 5 shares of IMI stock. The shares were purchased at an average cost of GBX 2,786 per share, with a total value of £139.30.
• On Tuesday, April 14th, Luke Grant purchased 6 shares of IMI stock. The stock was purchased at an average cost of GBX 2,860 per share, for a total transaction of £171.60.

IMI Stock Up 0.6%

Shares of IMI traded up GBX 18 during midday trading on Wednesday, hitting GBX 2,828. 843,001 shares of the company’s stock traded hands, compared to its average volume of 11,069,130. IMI plc has a 1 year low of GBX 1,802.19 and a 1 year high of GBX 3,848. The firm’s fifty day moving average is GBX 2,762.81 and its 200-day moving average is GBX 2,683.11. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The stock has a market capitalization of £6.73 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IMI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,250 price objective on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. dropped their target price on shares of IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, IMI has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,772.86.

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.