IMI (LON:IMI) Insider Purchases £5,198.40 in Stock

Key Points

• Insider Luke Grant purchased 228 shares of IMI plc stock for a total of £5,198.40 at an average price of GBX 2,280 per share on August 28th.
• IMI plc's stock experienced a decline of 0.5%, trading at GBX 2,262, while analysts have set an average target price of GBX 2,575 for the stock with a consensus "Buy" rating.
• The company reported a quarterly EPS of GBX 56.10, with a net margin of 11.46% and a return on equity of 23.85%.

IMI plc (LON:IMI - Get Free Report) insider Luke Grant bought 228 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were acquired at an average price of GBX 2,280 per share, with a total value of £5,198.40.

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

• 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 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 Stock Down 0.5%

IMI stock traded down GBX 12 during midday trading on Monday, hitting GBX 2,262. 284,340 shares of the company's stock were exchanged, compared to its average volume of 1,213,056. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The firm has a 50-day moving average of GBX 2,191.86 and a two-hundred day moving average of GBX 2,000.86. IMI plc has a 12 month low of GBX 1,555.96 and a 12 month high of GBX 2,330. The company has a market cap of £5.57 billion, a PE ratio of 2,424.44, a P/E/G ratio of 1.12 and a beta of 1.08.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group lifted their target price on IMI from GBX 2,490 to GBX 2,500 and gave the company a "buy" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of IMI from GBX 2,500 to GBX 2,850 and gave the stock an "overweight" rating in a research report on Tuesday, August 19th. Berenberg Bank increased their target price on shares of IMI from GBX 2,300 to GBX 2,550 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada lifted their price target on shares of IMI from GBX 2,300 to GBX 2,475 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Peel Hunt reiterated a "buy" rating and set a GBX 2,450 price objective on shares of IMI in a report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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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