Insider Buying: IMI (LON:IMI) Insider Buys 6 Shares of Stock

IMI plc (LON:IMI) insider Luke Grant acquired 6 shares of IMI stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average price 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 acquired 7 shares of IMI stock. The stock was purchased at an average cost of GBX 2,276 per share, with a total value of £159.32.
• On Tuesday, September 9th, Luke Grant bought 6 shares of IMI stock. The shares were purchased at an average price of GBX 2,288 per share, for a total transaction of £137.28.
• On Thursday, August 28th, Luke Grant acquired 228 shares of IMI stock. The stock was acquired at an average price 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 shares were sold at an average price of GBX 2,280, for a total transaction 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 traded down GBX 2 during mid-day trading on Wednesday, reaching GBX 2,494. 1,121,165 shares of the company’s stock were exchanged, compared to its average volume of 1,294,889. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. IMI plc has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,572. The company has a market cap of £6.14 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.12 and a beta of 1.08. The company has a 50-day simple moving average of GBX 2,318.97 and a two-hundred day simple moving average of GBX 2,167.67.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 2,450 target price on shares of IMI in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on IMI from GBX 2,250 to GBX 2,625 and gave the company a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on IMI from GBX 2,500 to GBX 2,850 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Jefferies Financial Group increased their target price on IMI from GBX 2,490 to GBX 2,500 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Berenberg Bank raised their price target on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, IMI currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,637.50.

IMI Company Profile

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.