Insider Buying: IMI (LON:IMI) Insider Purchases £142.70 in Stock

IMI plc (LON:IMI) insider Luke Grant purchased 5 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were purchased at an average price of GBX 2,854 per share, with a total value of £142.70.

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

• On Tuesday, January 13th, Luke Grant acquired 6 shares of IMI stock. The stock was acquired at an average price of GBX 2,618 per share, for a total transaction of £157.08.
• On Tuesday, December 9th, Luke Grant bought 6 shares of IMI stock. The shares were acquired at an average price of GBX 2,476 per share, with a total value of £148.56.

IMI Stock Performance

IMI opened at GBX 2,830 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The stock’s 50 day moving average price is GBX 2,620.87 and its two-hundred day moving average price is GBX 2,426.61. The firm has a market capitalization of £6.97 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. IMI plc has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 2,938.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IMI shares. JPMorgan Chase & Co. upped their target price on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Berenberg Bank upped their price objective on shares of IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a research note on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus 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.