IMI plc (LON:IMI) Given Consensus Recommendation of “Moderate Buy” by Analysts

IMI plc (LON:IMI) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,772.86.

A number of research analysts recently issued reports on IMI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,250 price objective on shares of IMI in a research report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price objective on IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a research report on Wednesday, May 13th.

IMI Trading Up 2.7%

LON:IMI opened at GBX 2,928 on Monday. IMI has a 12-month low of GBX 1,802.19 and a 12-month high of GBX 3,848. The firm has a market capitalization of £6.97 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. The business has a 50 day simple moving average of GBX 2,778.12 and a 200 day simple moving average of GBX 2,692.50.

About IMI

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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.