Ajai Puri Buys 1,000 Shares of IMI (LON:IMI) Stock

Key Points

• Ajai Puri, an insider at IMI plc, purchased 1,000 shares of the company at an average price of £2,235 per share, totaling £22,350.
• IMI has received multiple analyst upgrades, with target prices increased by firms like Berenberg Bank and Deutsche Bank, reflecting a bullish outlook on the stock.
• The company's recent quarterly earnings reported an EPS of GBX 56.10 and it has a market capitalization of £5.55 billion.

IMI plc (LON:IMI - Get Free Report) insider Ajai Puri acquired 1,000 shares of the company's stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of GBX 2,235 per share, for a total transaction of £22,350.

IMI Stock Performance

LON:IMI traded up GBX 16 during mid-day trading on Friday, hitting GBX 2,254. 483,064 shares of the stock were exchanged, compared to its average volume of 1,297,179. The stock has a market capitalization of £5.55 billion, a price-to-earnings ratio of 2,415.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm's 50-day simple moving average is GBX 2,253.04 and its 200 day simple moving average is GBX 2,040.89. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. IMI plc has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 2,330.

IMI (LON:IMI - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, equities analysts anticipate that IMI plc will post 137.9737609 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on IMI. Berenberg Bank upped their price target on IMI from GBX 2,300 to GBX 2,550 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upped their target price on IMI from GBX 2,250 to GBX 2,625 and gave the company a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on IMI from GBX 2,500 to GBX 2,850 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. Royal Bank Of Canada upped their price target on IMI from GBX 2,300 to GBX 2,475 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Peel Hunt reaffirmed a "buy" rating and set a GBX 2,450 price target on shares of IMI in a research note on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 2,575.

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.

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