Jefferies Financial Group Raises IMI (LON:IMI) Price Target to GBX 2,500

IMI (LON:IMI) had its target price lifted by equities research analysts at Jefferies Financial Group from GBX 2,490 ($33.49) to GBX 2,500 ($33.62) in a report released on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 12.09% from the company’s current price.

IMI has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on IMI from GBX 2,250 ($30.26) to GBX 2,625 ($35.31) and gave the company a “buy” rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on IMI from GBX 2,300 ($30.93) to GBX 2,475 ($33.29) and gave the company an “outperform” rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on IMI from GBX 2,450 ($32.95) to GBX 2,500 ($33.62) and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 2,450 ($32.95) price objective on shares of IMI in a report on Friday, August 1st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, IMI currently has a consensus rating of “Buy” and a consensus price target of GBX 2,516.67 ($33.85).

IMI Price Performance

Shares of IMI opened at GBX 2,230.26 ($30.00) on Thursday. IMI has a twelve month low of GBX 1,555.96 ($20.93) and a twelve month high of GBX 2,272 ($30.56). The stock’s 50 day moving average is GBX 2,113.89 and its two-hundred day moving average is GBX 1,965.27. The firm has a market capitalization of £5.65 billion, a PE ratio of 22.85, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

IMI (LON:IMI) last announced its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 ($0.75) earnings per share for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Research analysts anticipate that IMI will post 137.9737609 earnings per share for the current year.

Insider Activity at IMI

In other news, insider Jackie Callaway purchased 1,046 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of GBX 1,971 ($26.51) per share, with a total value of £20,616.66 ($27,729.20). Over the last 90 days, insiders purchased 1,087 shares of company stock worth $2,144,228. 1.52% of the stock is owned by insiders.

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.