IMI plc (LON:IMI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of IMI plc (LON:IMI) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 2,637.50.

Several equities analysts recently issued reports on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,450 price objective on shares of IMI in a report on Friday, August 1st. Jefferies Financial Group raised their price target on IMI from GBX 2,490 to GBX 2,500 and gave the company a “buy” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on IMI from GBX 2,250 to GBX 2,625 and gave the stock a “buy” rating in a research note on Friday, August 1st. Berenberg Bank increased 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 note on Thursday, November 6th. Finally, Royal Bank Of Canada downgraded shares of IMI to a “sector perform” rating and raised their target price for the company from GBX 2,475 to GBX 2,500 in a report on Tuesday, October 14th.

IMI Trading Down 0.1%

Shares of IMI stock opened at GBX 2,388 on Friday. The company has a 50-day moving average of GBX 2,345.50 and a two-hundred day moving average of GBX 2,198.55. IMI has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 2,572. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The stock has a market cap of £5.88 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

Insider Buying and Selling

In related news, insider Luke Grant acquired 228 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average cost of GBX 2,280 per share, for a total transaction of £5,198.40. Also, insider Ajai Puri bought 1,000 shares of IMI stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of GBX 2,235 per share, for a total transaction of £22,350. Over the last three months, insiders have bought 1,266 shares of company stock valued at $2,843,992. Corporate insiders own 1.10% of the company’s stock.

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.