IMI (LON:IMI) Insider Purchases £154.50 in Stock

Key Points

• IMI insider Luke Grant bought 5 shares at GBX 3,090 each on September 8, for a total of £154.50. He also purchased small amounts of stock in July and August.
• IMI shares fell GBX 42 to GBX 3,052, while the company reported quarterly EPS of GBX 63.40, a 14.09% net margin and a 32.41% return on equity.
• Analysts maintain a positive outlook, with five Buy ratings and one Hold rating, producing 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 the stock in a transaction on Tuesday, September 8th. The stock was acquired at an average price of GBX 3,090 per share, with a total value of £154.50.

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

• On Tuesday, August 11th, Luke Grant bought 5 shares of IMI stock. The shares were bought at an average cost of GBX 3,098 per share, for a total transaction of £154.90.
• On Tuesday, July 14th, Luke Grant acquired 5 shares of IMI stock. The stock was acquired at an average cost of GBX 2,826 per share, for a total transaction of £141.30.

IMI Price Performance

IMI traded down GBX 42 on Wednesday, reaching GBX 3,052. The company had a trading volume of 523,813 shares, compared to its average volume of 8,655,599. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30. 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 market cap of £7.21 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.12 and a beta of 1.04. The business has a 50 day simple moving average of GBX 3,002.94 and a 200 day simple moving average of GBX 2,863.51.

IMI (LON:IMI - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. As a group, sell-side analysts anticipate that IMI plc will post 137.9737609 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group restated a "buy" rating and issued a GBX 3,380 price objective on shares of IMI in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target 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. JPMorgan Chase & Co. lifted 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 report on Wednesday, July 8th. 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. Finally, Berenberg Bank restated a "buy" rating and set a GBX 3,300 price objective on shares of IMI in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, IMI currently has a consensus rating of "Moderate Buy" and an average price target 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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