Luke Grant Purchases 5 Shares of IMI (LON:IMI) Stock

IMI plc (LON:IMI – Get Free Report) insider Luke Grant acquired 5 shares of the company’s stock in a transaction dated Tuesday, July 14th. The stock was acquired at an average price of GBX 2,826 per share, for a total transaction of £141.30.

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

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• On Tuesday, June 9th, Luke Grant acquired 5 shares of IMI stock. The shares were bought at an average price of GBX 2,854 per share, with a total value of £142.70.
• On Tuesday, May 12th, Luke Grant purchased 5 shares of IMI stock. The shares were bought at an average price of GBX 2,786 per share, for a total transaction of £139.30.

IMI Stock Performance

Shares of IMI stock traded up GBX 10 during mid-day trading on Wednesday, hitting GBX 2,872. 565,314 shares of the stock were exchanged, compared to its average volume of 10,416,103. The stock’s fifty day simple moving average is GBX 2,836.67 and its two-hundred day simple moving average is GBX 2,764.34. 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 plc has a 12-month low of GBX 1,802.19 and a 12-month high of GBX 3,848. The stock has a market capitalization of £6.80 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.12 and a beta of 1.05.

Analyst Upgrades and Downgrades

IMI has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,250 target price on shares of IMI in a report on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,808.57.

Check Out Our Latest Stock Report on IMI

IMI Company Profile

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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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