IMI (LON:IMI) Insider Buys £154.50 in Stock

IMI plc (LON:IMI) insider Luke Grant bought 5 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were bought at an average price of GBX 3,090 per share, with a total value of £154.50.

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

• On Tuesday, August 11th, Luke Grant bought 5 shares of IMI stock. The shares were bought at an average cost of GBX 3,098 per share, for a total transaction of £154.90.
• On Tuesday, July 14th, Luke Grant purchased 5 shares of IMI stock. The stock was bought at an average price of GBX 2,826 per share, for a total transaction of £141.30.

IMI Stock Up 1.3%

Shares of LON IMI opened at GBX 3,036 on Friday. The stock has a market capitalization of £7.18 billion, a P/E ratio of 22.37, a PEG ratio of 1.12 and a beta of 1.04. The stock’s fifty day moving average is GBX 3,008.51 and its 200 day moving average is GBX 2,866.36. IMI plc has a 52 week low of GBX 1,802.19 and a 52 week high of GBX 3,848. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30.

IMI (LON:IMI) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. Sell-side analysts forecast that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IMI shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a report on Monday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,850 price objective on shares of IMI in a research report on Friday, July 31st. Berenberg Bank restated a “buy” rating and set a GBX 3,300 target price on shares of IMI in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,380 target price on shares of IMI in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Five 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 has an average rating of “Moderate Buy” and an average price target of GBX 3,171.67.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.