IMI (LON:IMI) Insider Buys 5 Shares of Stock

IMI plc (LON:IMI) insider Luke Grant acquired 5 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were bought at an average cost of GBX 3,078 per share, for a total transaction of £153.90.

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

• On Tuesday, September 8th, Luke Grant acquired 5 shares of IMI stock. The shares were bought at an average price of GBX 3,090 per share, with a total value of £154.50.
• On Tuesday, August 11th, Luke Grant acquired 5 shares of IMI stock. The shares were bought at an average price of GBX 3,098 per share, with a total value of £154.90.

IMI Price Performance

IMI stock traded down GBX 22 during trading on Wednesday, hitting GBX 3,004. The stock had a trading volume of 695,048 shares, compared to its average volume of 7,805,541. The stock has a market cap of £7.05 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30. The company’s 50 day moving average price is GBX 3,081.41 and its two-hundred day moving average price is GBX 2,920.05. IMI plc has a 1-year low of GBX 1,802.19 and a 1-year high of GBX 3,848.

IMI (LON:IMI) last released its quarterly 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%. On average, sell-side analysts forecast that IMI plc will post 137.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IMI has been the topic of several recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 3,171.67.

About IMI

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.