IMI (LON:IMI) Earns Sector Perform Rating from Royal Bank Of Canada

IMI (LON:IMI)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 2,850 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 2.93% from the stock’s previous close.

IMI has been the topic of several other research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,380 price objective on shares of IMI in a research report on Friday. JPMorgan Chase & Co. boosted 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 note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,250 price target on shares of IMI in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, IMI currently has an average rating of “Moderate Buy” and an average target price of GBX 3,073.33.

IMI Stock Performance

Shares of IMI stock opened at GBX 2,936 on Friday. The stock has a market cap of £6.95 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The business has a 50-day simple moving average of GBX 2,893.92 and a 200-day simple moving average of GBX 2,803.78. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30. IMI has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848.

IMI (LON:IMI) last issued its earnings results on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. On average, equities analysts expect that IMI will post 137.9737609 EPS for the current year.

IMI Company Profile

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.