Insider Buying: IMI (LON:IMI) Insider Purchases £153.90 in Stock

IMI plc (LON:IMI) insider Luke Grant bought 5 shares of IMI stock in a transaction dated Tuesday, October 13th. The stock was acquired at an average cost of GBX 3,078 per share, for a total transaction of £153.90.

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

• On Tuesday, September 8th, Luke Grant purchased 5 shares of IMI stock. The shares were acquired at an average price of GBX 3,090 per share, with a total value of £154.50.
• On Tuesday, August 11th, Luke Grant purchased 5 shares of IMI stock. The shares were acquired at an average cost of GBX 3,098 per share, with a total value of £154.90.

IMI Trading Up 1.0%

Shares of LON IMI opened at GBX 2,980 on Friday. The company’s 50 day simple moving average is GBX 3,073.09 and its 200 day simple moving average is GBX 2,925.21. IMI plc has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848. The firm has a market capitalization of £7.00 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80.

IMI (LON:IMI) last announced its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, analysts predict that IMI plc will post 137.97 EPS for the current year.

Analysts Set New Price Targets

IMI has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,850 target price on shares of IMI in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft boosted their target price on IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,300 price target on shares of IMI in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 price target on shares of IMI in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

IMI Company Profile

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.