Key Points
- Insider buying: IMI director Luke Grant bought 5 shares at GBX 3,078 each, a total investment of £153.90. This follows identical 5-share purchases in August and September.
- Market performance: IMI shares opened at GBX 3,004, with a market capitalization of approximately £7.05 billion. The stock has traded between GBX 1,802.19 and GBX 3,848 over the past year.
- Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and one Hold rating and an average price target of GBX 3,171.67.
IMI plc (LON:IMI - Get Free Report) insider Luke Grant acquired 5 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The stock was purchased at an average price of GBX 3,078 per share, for a total transaction of £153.90.
Luke Grant also recently made the following trade(s):
- On Tuesday, September 8th, Luke Grant acquired 5 shares of IMI stock. The stock was acquired at an average price of GBX 3,090 per share, for a total transaction of £154.50.
- On Tuesday, August 11th, Luke Grant acquired 5 shares of IMI stock. The stock was acquired at an average price of GBX 3,098 per share, for a total transaction of £154.90.
IMI Price Performance
Shares of LON IMI opened at GBX 3,004 on Thursday. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30. IMI plc has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848. The firm has a market capitalization of £7.05 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The stock's 50-day simple moving average is GBX 3,079.81 and its 200-day simple moving average is GBX 2,922.33.
IMI (LON:IMI - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. As a group, equities research analysts forecast that IMI plc will post 137.97 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently weighed in on IMI. Jefferies Financial Group restated a "buy" rating and set a GBX 3,380 price objective on shares of IMI in a research report on Friday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 2,850 target price on shares of IMI in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an "overweight" rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 3,300 price target on shares of IMI in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, IMI presently has an average rating of "Moderate Buy" and an average target price of GBX 3,171.67.
Read Our Latest Report on IMI
IMI Company Profile
(
Get Free Report)
IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.
Our solutions are a small part of our customers' systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.
Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
