IMI (LON:IMI) Insider Acquires £157.08 in Stock

IMI plc (LON:IMI) insider Luke Grant purchased 6 shares of IMI stock in a transaction on Tuesday, January 13th. The shares were acquired at an average cost of GBX 2,618 per share, with a total value of £157.08.

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

• On Tuesday, December 9th, Luke Grant acquired 6 shares of IMI stock. The stock was acquired at an average price of GBX 2,476 per share, for a total transaction of £148.56.
• On Tuesday, November 11th, Luke Grant bought 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,486 per share, with a total value of £149.16.

IMI Stock Performance

LON:IMI traded down GBX 14 during mid-day trading on Wednesday, hitting GBX 2,608. The company’s stock had a trading volume of 965,343 shares, compared to its average volume of 1,653,091. The business’s fifty day moving average is GBX 2,472.54 and its two-hundred day moving average is GBX 2,331.57. The stock has a market cap of £6.42 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. IMI plc has a 1 year low of GBX 1,555.96 and a 1 year high of GBX 2,655.60.

Wall Street Analysts Forecast Growth

IMI has been the subject of several recent research reports. Berenberg Bank lifted their price target on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada cut shares of IMI to a “sector perform” rating and raised their price objective for the stock from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Panmure Gordon reissued a “buy” rating and set a GBX 2,760 price target on shares of IMI in a report on Tuesday, November 25th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, IMI has a consensus rating of “Moderate Buy” and an average price target of GBX 2,670.71.

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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.