IMI (LON:IMI) Insider Luke Grant Buys 6 Shares

Key Points

• Insider Luke Grant recently bought 6 shares of IMI stock at an average price of GBX 2,288, totaling £137.28, following a series of other trades including purchasing 228 shares just days earlier.
• IMI shares saw a trading increase, reaching GBX 2,274, with a market capitalization of £5.60 billion and a current ratio of 1.36.
• Several analysts have upgraded IMI's ratings, with price targets ranging from GBX 2,450 to GBX 2,850, reflecting a consensus "Buy" rating among six investment firms.

IMI plc (LON:IMI - Get Free Report) insider Luke Grant purchased 6 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of GBX 2,288 per share, for a total transaction of £137.28.

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

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

IMI Price Performance

Shares of IMI stock traded up GBX 10 during trading on Wednesday, hitting GBX 2,274. 273,241 shares of the company were exchanged, compared to its average volume of 1,348,263. 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 2,330. The stock has a market capitalization of £5.60 billion, a price-to-earnings ratio of 2,437.30, a P/E/G ratio of 1.12 and a beta of 1.08. The firm has a 50 day moving average price of GBX 2,217.43 and a 200 day moving average price of GBX 2,016.18.

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 (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, equities analysts expect that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Analyst Ratings Changes

IMI has been the subject of several research reports. Peel Hunt restated a "buy" rating and set a GBX 2,450 price objective on shares of IMI in a research report on Friday, August 1st. Berenberg Bank lifted their price objective on IMI from GBX 2,300 to GBX 2,550 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price target on IMI from GBX 2,250 to GBX 2,625 and gave the company a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada raised their price objective on IMI from GBX 2,300 to GBX 2,475 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on IMI from GBX 2,500 to GBX 2,850 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 2,575.

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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