IMI (LON:IMI) Insider Buys £153.90 in Stock

Key Points

• IMI insider Luke Grant bought 5 shares at GBX 3,078 each, investing £153.90. This follows similar 5-share purchases in August and September.
• IMI shares traded at GBX 3,004, down GBX 22, with a £7.05 billion market capitalization. The company reported quarterly EPS of GBX 63.40, a 14.09% net margin and a 32.41% return on equity.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating. IMI has a “Moderate Buy” consensus and an average price target of GBX 3,171.67.

IMI plc (LON:IMI - Get Free Report) insider Luke Grant bought 5 shares of IMI stock in a transaction dated Tuesday, October 13th. The stock was acquired at an average cost of GBX 3,078 per share, with a total value of £153.90.

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

• On Tuesday, September 8th, Luke Grant acquired 5 shares of IMI stock. The shares were bought at an average cost of GBX 3,090 per share, with a total value of £154.50.
• On Tuesday, August 11th, Luke Grant purchased 5 shares of IMI stock. The shares were bought at an average cost of GBX 3,098 per share, with a total value of £154.90.

IMI Stock Performance

LON:IMI traded down GBX 22 during midday trading on Wednesday, reaching GBX 3,004. The stock had a trading volume of 695,048 shares, compared to its average volume of 7,805,541. IMI plc has a 12-month low of GBX 1,802.19 and a 12-month high of GBX 3,848. The stock has a market cap of £7.05 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30. The firm has a fifty day simple moving average of GBX 3,081.41 and a two-hundred day simple moving average of GBX 2,920.05.

IMI (LON:IMI - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, equities analysts expect that IMI plc will post 137.97 EPS for the current year.

Wall Street Analyst Weigh In

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

IMI Company Profile

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.

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