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

IMI plc (LON:IMI) insider Luke Grant acquired 5 shares of the stock in a transaction on Tuesday, June 9th. The stock was bought at an average cost of GBX 2,854 per share, with a total value of £142.70.

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

• On Tuesday, May 12th, Luke Grant bought 5 shares of IMI stock. The shares were bought at an average cost of GBX 2,786 per share, for a total transaction of £139.30.
• On Tuesday, April 14th, Luke Grant purchased 6 shares of IMI stock. The shares were bought at an average cost of GBX 2,860 per share, with a total value of £171.60.

IMI Trading Up 0.6%

Shares of LON IMI traded up GBX 18 during trading hours on Wednesday, reaching GBX 2,828. The stock had a trading volume of 843,001 shares, compared to its average volume of 11,069,130. IMI plc has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848. The firm has a market cap of £6.73 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.12 and a beta of 1.05. The business’s fifty day moving average price is GBX 2,762.81 and its two-hundred day moving average price is GBX 2,683.11. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04.

Analysts Set New Price Targets

IMI has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 3,250 price objective on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, IMI has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,772.86.

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.