IMI (LON:IMI) Insider Luke Grant Buys 5 Shares

IMI plc (LON:IMI) insider Luke Grant bought 5 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was bought 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 purchased 5 shares of IMI stock. The stock was bought at an average price of GBX 3,098 per share, with a total value of £154.90.
• On Tuesday, July 14th, Luke Grant acquired 5 shares of IMI stock. The shares were purchased at an average price of GBX 2,826 per share, for a total transaction of £141.30.

IMI Trading Down 1.4%

Shares of IMI stock traded down GBX 42 during trading on Wednesday, hitting GBX 3,052. The stock had a trading volume of 523,813 shares, compared to its average volume of 8,655,599. The stock has a market cap of £7.21 billion, a PE ratio of 22.49, a PEG ratio of 1.12 and a beta of 1.04. IMI plc has a 12 month low of GBX 1,802.19 and a 12 month high of GBX 3,848. The firm’s fifty day simple moving average is GBX 3,002.94 and its 200-day simple moving average is GBX 2,863.51. The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80.

IMI (LON:IMI) last posted its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) 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 expect that IMI plc will post 137.9737609 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IMI. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,850 target price on shares of IMI in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,380 price target on shares of IMI in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research note on Monday, August 3rd. Berenberg Bank restated a “buy” rating and issued a GBX 3,300 target price on shares of IMI in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.