IMI (LON:IMI) Stock Gets Price Target Increase from Deutsche Bank Aktiengesellschaft

IMI (LON:IMI) had its price objective increased by Deutsche Bank Aktiengesellschaft from GBX 3,440 to GBX 3,490 in a research note issued on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price would indicate a potential upside of 21.10% from the company’s current price.

Other equities analysts also recently issued reports about the company. Berenberg Bank restated a “buy” rating and issued a GBX 3,300 target price on shares of IMI in a research note on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,850 price target on shares of IMI in a research report on Friday, July 31st. 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. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 3,585 price objective on shares of IMI in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, IMI has an average rating of “Moderate Buy” and a consensus target price of GBX 3,214.17.

IMI Stock Performance

IMI stock traded down GBX 42 during mid-day trading on Friday, reaching GBX 2,882. The company’s stock had a trading volume of 274,640 shares, compared to its average volume of 7,497,972. The firm has a market cap of £6.77 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.12 and a beta of 1.04. The business has a 50 day moving average price of GBX 3,037.71 and a 200-day moving average price of GBX 2,879.54. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. IMI has a twelve month low of GBX 1,802.19 and a twelve month 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%. Sell-side analysts predict that IMI will post 137.97 EPS 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.