IMI (LON:IMI) Insider Purchases £139.50 in Stock

IMI plc (LON:IMI) insider Luke Grant bought 5 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of GBX 2,790 per share, with a total value of £139.50.

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

• On Tuesday, February 10th, Luke Grant bought 5 shares of IMI stock. The shares were purchased at an average price of GBX 2,854 per share, with a total value of £142.70.
• On Tuesday, January 13th, Luke Grant purchased 6 shares of IMI stock. The stock was purchased at an average price of GBX 2,618 per share, for a total transaction of £157.08.

IMI Trading Down 0.6%

IMI stock traded down GBX 18 during mid-day trading on Wednesday, hitting GBX 2,758. The stock had a trading volume of 1,013,543 shares, compared to its average volume of 3,804,012. The stock has a 50-day simple moving average of GBX 2,744.86 and a two-hundred day simple moving average of GBX 2,499.27. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The stock has a market capitalization of £6.79 billion, a PE ratio of 29.56, a P/E/G ratio of 1.12 and a beta of 1.05. IMI plc has a 12 month low of GBX 1,555.96 and a 12 month high of GBX 3,848.

IMI (LON:IMI) last announced its quarterly earnings data on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. As a group, sell-side analysts forecast that IMI plc will post 137.9737609 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on IMI shares. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,760 price objective on shares of IMI in a research note on Tuesday, November 25th. JPMorgan Chase & Co. upped 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 report on Thursday, December 4th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.