Luke Grant Acquires 7 Shares of IMI plc (LON:IMI) Stock

IMI plc (LON:IMI) insider Luke Grant acquired 7 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of GBX 2,278 ($30.82) per share, for a total transaction of £159.46 ($215.75).

IMI Price Performance

Shares of LON:IMI opened at GBX 2,260 ($30.58) on Friday. IMI plc has a 12 month low of GBX 1,555.96 ($21.05) and a 12 month high of GBX 2,318 ($31.36). The firm has a market capitalization of £5.73 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The company’s fifty day moving average price is GBX 2,137.28 and its 200 day moving average price is GBX 1,973.89.

IMI (LON:IMI) last issued its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 ($0.76) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, sell-side analysts predict that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of IMI from GBX 2,250 ($30.44) to GBX 2,625 ($35.52) and gave the stock a “buy” rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their price target on IMI from GBX 2,300 ($31.12) to GBX 2,475 ($33.49) and gave the stock an “outperform” rating in a report on Friday, August 1st. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,450 ($33.15) price objective on shares of IMI in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price objective on IMI from GBX 2,450 ($33.15) to GBX 2,500 ($33.82) and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Jefferies Financial Group raised their target price on IMI from GBX 2,490 ($33.69) to GBX 2,500 ($33.82) and gave the stock a “buy” rating in a research report on Thursday, August 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, IMI presently has a consensus rating of “Buy” and an average price target of GBX 2,516.67 ($34.05).

IMI Company Profile

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.