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

Shares of IMI plc (LON:IMI) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. cut their price target on IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating for the company in a report on Wednesday, April 1st.

Insider Activity

In other IMI news, insider Jamie Pike purchased 3,508 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of GBX 2,848 per share, with a total value of £99,907.84. Insiders bought 3,540 shares of company stock valued at $10,078,876 over the last three months. Insiders own 1.10% of the company’s stock.

IMI Stock Up 5.8%

Shares of LON IMI opened at GBX 2,720 on Wednesday. The business has a fifty day moving average of GBX 2,749.05 and a two-hundred day moving average of GBX 2,549.38. 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 has a 52-week low of GBX 1,604 and a 52-week high of GBX 3,848. The stock has a market cap of £6.60 billion, a PE ratio of 21.97, a PEG ratio of 1.12 and a beta of 1.07.

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

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.