Insider Buying: IMI (LON:IMI) Insider Acquires 5 Shares of Stock

IMI plc (LON:IMI – Get Free Report) insider Luke Grant purchased 5 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of GBX 2,786 per share, for a total transaction of £139.30.

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

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• On Tuesday, April 14th, Luke Grant acquired 6 shares of IMI stock. The shares were purchased at an average price of GBX 2,860 per share, for a total transaction of £171.60.
• On Tuesday, March 10th, Luke Grant acquired 5 shares of IMI stock. The shares were purchased at an average price of GBX 2,790 per share, for a total transaction of £139.50.

IMI Stock Performance

IMI opened at GBX 2,688 on Wednesday. The stock has a market capitalization of £6.46 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.12 and a beta of 1.05. The company has a fifty day moving average of GBX 2,739.70 and a 200 day moving average of GBX 2,634.49. IMI plc has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50.

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped 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 research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, IMI has an average rating of “Moderate Buy” and a consensus price target of GBX 2,683.57.

View Our Latest Analysis on IMI

About IMI

(Get Free Report)

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.

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