IMI plc (LON:IMI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of IMI plc (LON:IMI) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 3,171.67.

Several equities analysts recently commented on IMI shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,850 price objective on shares of IMI in a research report on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,380 target price on shares of IMI in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research note on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,300 price target on shares of IMI in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a report on Wednesday, July 8th.

IMI Trading Up 0.2%

Shares of LON:IMI opened at GBX 3,136 on Tuesday. The business’s 50-day moving average is GBX 2,922.11 and its 200 day moving average is GBX 2,817.19. IMI has a 1 year low of GBX 1,802.19 and a 1 year high of GBX 3,848. The firm has a market capitalization of £7.44 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80.

IMI (LON:IMI) last issued its quarterly 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%. On average, research analysts predict that IMI will post 137.9737609 earnings per share for the current fiscal year.

About IMI

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.