IMI (LON:IMI) Insider Acquires £159.32 in Stock

Key Points

• Insider Luke Grant of IMI plc acquired 7 shares at an average price of GBX 2,276 each, totaling £159.32, indicating confidence in the company's stock performance.
• The company's stock recently traded at GBX 2,312, with a significant increase in trading volume, suggesting increased investor interest.
• Analysts have given IMI a consensus rating of "Moderate Buy" and set an average price target of GBX 2,579.17, reflecting positive market sentiment.

IMI plc (LON:IMI - Get Free Report) insider Luke Grant bought 7 shares of the firm's stock in a transaction dated Tuesday, October 14th. The stock was purchased at an average cost of GBX 2,276 per share, with a total value of £159.32.

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

• On Tuesday, September 9th, Luke Grant bought 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,288 per share, with a total value of £137.28.
• On Thursday, August 28th, Luke Grant purchased 228 shares of IMI stock. The stock was acquired at an average cost of GBX 2,280 per share, for a total transaction of £5,198.40.
• On Thursday, August 28th, Luke Grant sold 110 shares of IMI stock. The stock was sold at an average price of GBX 2,280, for a total transaction of £2,508.
• On Tuesday, August 19th, Luke Grant sold 271 shares of IMI stock. The shares were sold at an average price of GBX 2,301, for a total value of £6,235.71.
• On Tuesday, August 12th, Luke Grant bought 7 shares of IMI stock. The shares were acquired at an average price of GBX 2,278 per share, for a total transaction of £159.46.

IMI Stock Performance

Shares of IMI traded up GBX 12 during mid-day trading on Wednesday, hitting GBX 2,312. The stock had a trading volume of 4,229,117 shares, compared to its average volume of 1,360,238. The company's fifty day simple moving average is GBX 2,282.29 and its two-hundred day simple moving average is GBX 2,071.40. The company has a market cap of £5.69 billion, a PE ratio of 2,478.03, a PEG ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. IMI plc has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 2,355.36.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on IMI from GBX 2,250 to GBX 2,625 and gave the company a "buy" rating in a research note on Friday, August 1st. Berenberg Bank lifted their target price 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. Jefferies Financial Group increased their target price on IMI from GBX 2,490 to GBX 2,500 and gave the company a "buy" rating in a research report on Thursday, August 7th. Peel Hunt reissued a "buy" rating and issued a GBX 2,450 target price on shares of IMI in a research note on Friday, August 1st. Finally, Royal Bank Of Canada cut shares of IMI to a "sector perform" rating and upped their target price for the company from GBX 2,475 to GBX 2,500 in a report on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 2,579.17.

About IMI

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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