Luke Grant Acquires 6 Shares of IMI (LON:IMI) Stock

IMI plc (LON:IMI) insider Luke Grant bought 6 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average price of GBX 2,618 per share, with a total value of £157.08.

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

• On Tuesday, December 9th, Luke Grant purchased 6 shares of IMI stock. The shares were acquired at an average cost of GBX 2,476 per share, for a total transaction of £148.56.
• On Tuesday, November 11th, Luke Grant acquired 6 shares of IMI stock. The stock was acquired at an average cost of GBX 2,486 per share, with a total value of £149.16.

IMI Price Performance

Shares of IMI opened at GBX 2,680 on Friday. IMI plc has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 2,680. The firm’s 50 day moving average price is GBX 2,480.62 and its 200 day moving average price is GBX 2,335.98. The company has a market cap of £6.60 billion, a P/E ratio of 28.72, a PEG ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

Analyst Upgrades and Downgrades

IMI has been the topic of several analyst reports. Berenberg Bank increased their price objective on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research note on Thursday, November 6th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,760 price target on shares of IMI in a research report on Tuesday, November 25th. Royal Bank Of Canada cut IMI to a “sector perform” rating and lifted their price objective for the company from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,670.71.

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.