Insider Buying: IMI (LON:IMI) Insider Purchases 6 Shares of Stock

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 acquired 6 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of GBX 2,288 per share, with a total value of £137.28.

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

• On Thursday, August 28th, Luke Grant bought 228 shares of IMI stock. The stock was purchased at an average price of GBX 2,280 per share, with a total value 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 stock was sold at an average price of GBX 2,301, for a total transaction of £6,235.71.
• On Tuesday, August 12th, Luke Grant bought 7 shares of IMI stock. The stock was purchased at an average price of GBX 2,278 per share, with a total value of £159.46.

IMI Trading Down 0.1%

IMI traded down GBX 2 on Monday, reaching GBX 2,286. 1,145,592 shares of the company traded hands, compared to its average volume of 1,335,208. IMI plc has a one year low of GBX 1,555.96 and a one year high of GBX 2,330. The firm has a fifty day simple moving average of GBX 2,227.45 and a two-hundred day simple moving average of GBX 2,025.39. The company has a market cap of £5.63 billion, a P/E ratio of 2,450.16, a price-to-earnings-growth 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 (LON:IMI - Get Free Report) last announced 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%. As a group, equities research analysts expect that IMI plc will post 137.9737609 earnings per share for the current year.

Analysts Set New Price Targets

IMI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of IMI from GBX 2,500 to GBX 2,850 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of IMI from GBX 2,250 to GBX 2,625 and gave the company a "buy" rating in a report on Friday, August 1st. Peel Hunt restated a "buy" rating and issued a GBX 2,450 price target on shares of IMI in a report on Friday, August 1st. Jefferies Financial Group boosted their price target on shares of IMI from GBX 2,490 to GBX 2,500 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Berenberg Bank boosted their price target on shares of IMI from GBX 2,300 to GBX 2,550 and gave the company a "buy" rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, IMI has an average rating of "Buy" and an average 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.