IMI (LON:IMI) Insider Buys £149.16 in Stock

IMI plc (LON:IMI) insider Luke Grant bought 6 shares of IMI stock in a transaction that occurred on Tuesday, November 11th. The shares were bought at an average cost of GBX 2,486 per share, with a total value of £149.16.

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

• On Tuesday, October 14th, Luke Grant bought 7 shares of IMI stock. The shares were bought at an average cost of GBX 2,276 per share, for a total transaction of £159.32.
• On Tuesday, September 9th, Luke Grant bought 6 shares of IMI stock. The stock was bought at an average cost of GBX 2,288 per share, with a total value of £137.28.
• On Thursday, August 28th, Luke Grant bought 228 shares of IMI stock. The shares were acquired at an average cost of GBX 2,280 per share, for a total transaction 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 value 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.

IMI Price Performance

Shares of IMI opened at GBX 2,461.18 on Friday. The firm has a market cap of £6.06 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. IMI plc has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,572. The business’s 50 day moving average price is GBX 2,333.83 and its two-hundred day moving average price is GBX 2,177.10. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 2,450 target price on shares of IMI in a research note on Friday, August 1st. Berenberg Bank raised their price objective on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada cut IMI to a “sector perform” rating and upped their price target for the company from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th. Jefferies Financial Group boosted their price objective on IMI from GBX 2,490 to GBX 2,500 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on IMI from GBX 2,250 to GBX 2,625 and gave the company a “buy” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,637.50.

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.