IMI plc (LON:IMI) Given Average Rating of “Moderate Buy” by Analysts

Shares of IMI plc (LON:IMI) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. reduced their price objective on IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st.

Insider Activity

In related news, insider Jamie Pike acquired 3,508 shares of IMI stock in a transaction dated Friday, March 6th. The shares were purchased 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 worth $10,081,538 over the last quarter. 1.10% of the stock is currently owned by company insiders.

IMI Trading Up 0.8%

LON IMI opened at GBX 2,878 on Friday. The stock’s 50-day simple moving average is GBX 2,753.99 and its two-hundred day simple moving average is GBX 2,597.37. IMI has a twelve month low of GBX 1,745 and a twelve month high of GBX 3,848. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The company has a market capitalization of £6.98 billion, a price-to-earnings ratio of 23.25, 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 for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. Research analysts forecast that IMI will post 137.9737609 EPS 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.