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

IMI plc (LON:IMI) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 3,171.67.

A number of research firms recently issued reports on IMI. JPMorgan Chase & Co. raised their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft upped their price objective on IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. Berenberg Bank reissued a “buy” rating and issued a GBX 3,300 target price on shares of IMI in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,850 price target on shares of IMI in a report on Friday, July 31st.

IMI Price Performance

IMI stock opened at GBX 3,050.08 on Friday. The business has a 50 day moving average price of GBX 2,997.34 and a 200 day moving average price of GBX 2,860.09. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30. The stock has a market cap of £7.24 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.12 and a beta of 1.04. IMI has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848.

IMI (LON:IMI) last announced its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. Equities research analysts anticipate 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.