Insider Buying: IMI (LON:IMI) Insider Purchases £148.56 in Stock

IMI plc (LON:IMI) insider Luke Grant purchased 6 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of GBX 2,476 per share, with a total value of £148.56.

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

• On Tuesday, November 11th, Luke Grant acquired 6 shares of IMI stock. The stock was bought at an average price of GBX 2,486 per share, for a total transaction of £149.16.
• On Tuesday, October 14th, Luke Grant bought 7 shares of IMI stock. The shares were bought at an average cost of GBX 2,276 per share, for a total transaction of £159.32.

IMI Price Performance

LON:IMI opened at GBX 2,436 on Friday. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. IMI plc has a one year low of GBX 1,555.96 and a one year high of GBX 2,572. The company has a fifty day moving average price of GBX 2,390.61 and a 200 day moving average price of GBX 2,252.46. The stock has a market cap of £6.00 billion, a P/E ratio of 26.11, a PEG ratio of 1.12 and a beta of 1.08.

Analysts Set New Price Targets

A number of brokerages have recently commented on IMI. Royal Bank Of Canada lowered shares of IMI to a “sector perform” rating and upped their price objective for the company from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,760 price target on shares of IMI in a report on Tuesday, November 25th. Finally, Berenberg Bank raised their price objective on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.