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

IMI plc (LON:IMI) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,772.86.

A number of brokerages have recently issued reports on IMI. JPMorgan Chase & Co. reduced their target price on shares of 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,250 price objective on shares of IMI in a research report on Wednesday, May 13th.

IMI Trading Down 0.5%

Shares of IMI stock opened at GBX 2,786 on Thursday. The firm has a 50-day moving average of GBX 2,735.74 and a 200-day moving average of GBX 2,661.39. The stock has a market cap of £6.70 billion, a PE ratio of 22.50, a PEG ratio of 1.12 and a beta of 1.05. IMI has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50.

IMI (LON:IMI) last announced its earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share (EPS) for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. As a group, sell-side analysts forecast that IMI will post 137.9737609 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jamie Pike bought 3,508 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of GBX 2,848 per share, with a total value of £99,907.84. Insiders have bought a total of 3,540 shares of company stock worth $10,080,790 over the last three months. 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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.