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

Shares of IMI plc (LON:IMI) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 3,171.67.

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

IMI Trading Down 1.4%

Shares of IMI stock opened at GBX 3,098 on Tuesday. The firm has a market capitalization of £7.35 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The firm’s 50 day moving average is GBX 2,930.43 and its 200 day moving average is GBX 2,822.11. IMI has a 1 year low of GBX 1,802.19 and a 1 year high of GBX 3,848.

IMI (LON:IMI) last issued its 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 forecast 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.