Insider Buying: IMI (LON:IMI) Insider Buys £154.90 in Stock

Key Points

• IMI insider Luke Grant bought 5 shares at GBX 3,098 each, worth £154.90, following two earlier purchases of 5 shares in June and July.
• IMI shares rose GBX 26 to GBX 3,150, near the company’s 52-week high of GBX 3,848. The company reported quarterly EPS of GBX 63.40, with a 32.41% return on equity and a 14.09% net margin.
• Analyst sentiment is favorable: five analysts rate IMI a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and a GBX 3,171.67 target price.

IMI plc (LON:IMI - Get Free Report) insider Luke Grant bought 5 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of GBX 3,098 per share, for a total transaction of £154.90.

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

• On Tuesday, July 14th, Luke Grant acquired 5 shares of IMI stock. The stock was bought at an average price of GBX 2,826 per share, with a total value of £141.30.
• On Tuesday, June 9th, Luke Grant bought 5 shares of IMI stock. The shares were purchased at an average price of GBX 2,854 per share, for a total transaction of £142.70.

IMI Stock Performance

Shares of IMI stock traded up GBX 26 on Wednesday, hitting GBX 3,150. The stock had a trading volume of 578,954 shares, compared to its average volume of 9,347,396. IMI plc has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The stock has a market cap of £7.48 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.12 and a beta of 1.04. The company's 50 day moving average price is GBX 2,937.27 and its 200 day moving average price is GBX 2,825.49.

IMI (LON:IMI - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. On average, research analysts anticipate that IMI plc will post 137.9737609 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IMI. JPMorgan Chase & Co. upped their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an "overweight" rating in a research note on Wednesday, July 8th. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 2,850 target price on shares of IMI in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft increased their target price on IMI from GBX 3,250 to GBX 3,440 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Berenberg Bank reissued a "buy" rating and issued a GBX 3,300 price target on shares of IMI in a report on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,380 price objective on shares of IMI in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,171.67.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges. Our solutions are a small part of our customers' systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact. Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source